In 2001, Goldman Sachs named Brazil one of the four most important emerging economies, with China, Russia and India.1 The BRICs, a term coined by Jim O’Neill, are prophesized to become four of the top six economies in the world by 2050,2 and, with the United States, form a new core of power. O’Neill argued that if Brazil could, “keep inflation low and engage with the rest of the world, Brazil could immediately become something else.”3 In the past twenty years, Brazil has done that and more. It has established a vibrant democracy, controlled inflation and achieved solid growth.