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This paper analyzes salient topics relative to exploring Brazil as a business opportunity for foreign investors and will include seven sections: (i) background; (ii) political economy; (iii) human rights, ethics, and freedom; (iv) culture distance; (v) foreign trade background; (vi) direct investment, taxes, and labor costs; and (vii) conclusions and recommendations. The final section includes key issues, conclusions, and recommendations based on balancing relevant risks with return potential. Can Brazil avoid the deficits that are currently plaguing Greece in the post-Olympic years? For Greece, relaxed fiscal policy in 2002 and massive expenditures associated with the preparation of the Athens 2004 Olympics resulted in excessive deficits and debt in 2003 and 2004. Can Brazil learn from the experiences of others to lessen the potentially devastating effects of hosting the Summer Olympic Games?
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