Predicting Brazil's presalt wealth: The country's presalt regulatory framework might be the key to success

摘要

Brazil has long been known as a country with vast potential. When it first became a republic in the 1800s, Brazil did so in an atmosphere of euphoric optimism. Brazilians have, at times, held an overly optimistic view of their government's ability to guide the country in the right direction. Recent discoveries in the presalt area place Brazil among the largest oil producers in the world. Current forecasts envision that sometime between 2014 and 2024 Brazil will become the world's fifth largest economy and Sao Paulo the fifth wealthiest city.