3221. Brazil: Keeping the Lights On
- Author:
- Susana Moreira
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Journal of Diplomacy and International Relations
- Institution:
- School of Diplomacy and International Relations, Seton Hall University
- Abstract:
- In 2001, Brazil endured severe power shortages that resulted in mandatory rationing and ultimately, in a significant reduction of GDP growth. Worse than the personal inconvenience and economic contraction was the embarrassment all Brazilians felt for what had happened. The “country blessed by God” had shown the world, once again, that it was unable to put its vast natural resources to good use. Brazil barely escaped forced electricity rationing; however, there is widespread belief among energy experts that rationing may yet occur within the next four years.
- Topic:
- Economics
- Political Geography:
- Brazil