Encyclopedia Britannica, 02/01/2013
In an essay posted on Encyclopedia Britannica online, Brazil Institute Director Paulo Sotero reflected on Brazil in 2012.
Paulo Sotero, Director of the Brazil Institute, was interviewed on CCTV regarding the state of the Brazilian economy, stating that “there is an expectation that after two negative years, the Brazilian economy will pick up this year” and emphasizing the need for lowering costs, interests rates, certain taxes, and providing stimulus and positive indications for investments in infrastructure.
"The country has a tradition of Catholicism, and any news related to the pope is very important news in Brazil. ... There are those experts saying that maybe the time has come for a cardinal from the developing world, Africa or Latin America, to ascend to the papacy," said Paulo Sotero, director of the Brazil Institute at the Woodrow Wilson International Center for Scholars in Washington.