Business

These charts show how isolated Brazil’s economy is

These charts show how isolated Brazil’s economy is

During an event this week, the CEO of Goldman Sachs Brazil rated the country’s productivity indicators as “disastrous.” According to Maria Silva Bastos Marques, improving the efficiency levels of Brazilian workers is actually more important to the country’s development than reforming the legal framework of the economy.

As a matter of fact, a Brazilian worker produces 25 percent as much as an American one, according to research organization Conference Board. Part of the blame is on Brazil’s lackluster educational system, responsible for a labor force that is less educated and less qualified than those in developed nations. Economic...

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