Brazilian Miracle
The "Brazilian Miracle" refers to a period of rapid economic growth in Brazil from the late 1960s to the early 1970s. During this time, the country experienced an annual growth rate of around 10%, driven by industrialization, foreign investment, and government-led infrastructure projects. This economic boom transformed Brazil into one of the largest economies in Latin America.
However, the growth came with significant social costs, including rising inequality and political repression. The military government, which ruled during this period, implemented policies that favored industrialists while neglecting the needs of the poor. Ultimately, the "Brazilian Miracle" laid the groundwork for both economic advancement and social challenges that would follow.