Wednesday, March 5, 2014

Change in government is unlikely in South Africa, Turkey, and Brazil



a change in government is unlikely in South Africa, Turkey, and Brazil. But the current rulers, if reelected, may shift policies. South African President Jacob Zuma has chosen a pro-business tycoon as his vice-presidential candidate and may move toward market-oriented reforms. Turkish Prime Minister Recep Tayyip Erdo─čan cannot realize his dream of a presidential republic and will have to follow his opponents – including a large protest movement – to the secular center. And Brazilian President Dilma Rousseff may embrace more stable macroeconomic policies and accelerate structural reforms, including privatization. - in www.project-syndicate.org


Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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