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Brazil is often viewed as the economic giant of the Third World. It's economy and territory are larger than the rest of South America's and its industry is the most advanced in the developing world. Brazilian foreign debt is also the Third World's largest. The problem of foreign debt has plagued the Latin American economies since the 1960s when foreign borrowing was the only way for Latin American nations to sustain economic growth...

Brazil is often viewed as the economic giant of the Third World. It's economy and territory are larger than the rest of South America's and its industry is the most advanced in the developing world. Brazilian foreign debt is also the Third World's largest. The problem of foreign debt has plagued the Latin American economies since the 1960s when foreign borrowing was the only way for Latin American nations to sustain economic growth...

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