Slow and Steady Wins; The case for betting on Brazil is fundamentally political.

Byline: Ian Bremmer (Bremmer is president of EurAsia Group and author of "The J-Curve: A New Way to Understand Why Nations Rise and Fall.")

Since a team of Goldman Sachs economists popularized the term "BRIC" (Brazil, Russia, India and China) in 2003, this group of emerging-market countries has assumed ever-greater importance in the international investment community's collective imagination. There are plenty of good reasons to invest in each of them. But from a political-risk perspective, and leaving aside

differences of scale in the four economies, ...

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