During a visit to Brasília, Angel Gurria, the Secretary-General of the Organization for Economic Co-operation and Development (OECD), said that Brazil is close to becoming a full member of the Paris-based think tank. Five other nations are also trying to enter the elite club of the global economy.
The OECD is a forum of countries that describe themselves as committed to democracy and the market economy. Most of its 38 members are wealthy nations (China, however, is not a member).
Back in May 2017, Brazil formally requested membership, in an effort to send a positive message to investors. Being a fully-fledged OECD member could influence the perception of other countries and investors, increasing their willingness to do business here. It would also reinforce the idea that Brazil is recovering from the recession.
But aside from boosting the...
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