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Economy & Business - October 2007 (ISSN 1741-4431)

BRAZIL: Invited to the top table

The Institute of International Finance, the international bankers' club, advocated that the world's biggest economies, the G7, should invite Brazil (along with China, India and Russia) to join them in an expanded talking shop (a G11) for the world economy's main policymakers. The invitation shows how far Brazil has come since Fernando Henrique Cardoso launched the Plan Real and ended the country's hyper-inflation in mid 1993. Between 1968 and 1993, inflation in Brazil, cumulatively, was 1,825,059,944,843%.

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