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Brazil's strong economy expected to dominate election
27/09/2010
The economic policies that have seen Brazil rise to become one of the healthiest economies in the world, are likely to see the party of the President who devised them retain power in a sweeping general election victory in October.
Brazilian President Luiz Inacio Lula da Silva – or Lula as the people know him – is stepping down on October 3, but current polling numbers suggest that he will be leaving his Workers' Party safely in power. The party will subsequently be lead by Dilma Rousseff, who could become Brazil's first female president.
Political analysts are suggesting that his successful wealth redistribution schemes, which have lifted 29 million Brazilians out of poverty, take credit for much of his continued popularity. Most successful among the welfare initiatives has been the Bolsa Familia, which helps 46 million people out of a national population of 193 million - nearly one in four Brazilians.
When Lula leaves office after the election, he will be leaving a nation that has recently become the seventh largest global economy and that weathered the global economy better than virtually any other nation.
He has fostered the nation's trade of its commodities, which saw the year-on-year value of timber exports rise by 24 per cent from July 2009 to July 2010.
Brazilian President Luiz Inacio Lula da Silva – or Lula as the people know him – is stepping down on October 3, but current polling numbers suggest that he will be leaving his Workers' Party safely in power. The party will subsequently be lead by Dilma Rousseff, who could become Brazil's first female president.
Political analysts are suggesting that his successful wealth redistribution schemes, which have lifted 29 million Brazilians out of poverty, take credit for much of his continued popularity. Most successful among the welfare initiatives has been the Bolsa Familia, which helps 46 million people out of a national population of 193 million - nearly one in four Brazilians.
When Lula leaves office after the election, he will be leaving a nation that has recently become the seventh largest global economy and that weathered the global economy better than virtually any other nation.
He has fostered the nation's trade of its commodities, which saw the year-on-year value of timber exports rise by 24 per cent from July 2009 to July 2010.
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