As China's economic growth shrinks and its appetite for commodities diminish, various countries on South America must face the perspective of difficult years to come. These nations, whose GDP are mostly based on the exportation of these kind of goods, will probably have to tackle with increasingly comercial deficits while their GDP will continue to growing at a rather modest base. Brazil, however, may has found the key to come up with these difficult days. It's great public oil company, Petrobrás, is one of a few in the whole world that developped the technology to explore the oil that lies beneath the presalt slice on its coast. During President's Lula mandate, the Congress approved a law that allowed to Petrobras some privileges in the exploitation of the pre-salt area at Brazil's coast. These conditions may enable the country's economy to stand tall during the less prosperous times that are coming.
Saul Leblon offers us a reflexion on this subject motivated by the recent ceremony that officially closed the works of Comissão da Verdade.
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