Brazil and Wretched Conditions

global threat: Today it is the world biggest economic basket case, according to The Toronto Star. The wretched conditions in Brazil are a global threat. Brazil was an investor darling among emerging economies just a few years ago. With its GDP of $3.2 trillion , larger than Canada and seventh-largest in the world, the contagion from a Brazilian economic implosion could trigger a run on emerging markets worldwide. Brazil is in economic freefall, its economy having shrunk 3.8 per cent last year. After all, the ruinous 1998 Asian financial crisis that wreaked havoc around the globe began with a surprise devaluation of the Thai baht. (news.financializer.com). As reported in the news.