Resource-rich Brazil has plenty to offer investors

Brazil's main stockmarket index rose 71% in US dollar terms last year, suggesting that international investors are awakening to this South American giant's potential. Should you join them?

Several years ago investment bank Morgan Stanley came up with the original idea that four big countries Brazil, Russia, India and China would together soon become so important in the world economy that they could be viewed as a single group, much as we think of Europe or Latin America.

They dubbed the group BRIC, after the first letters of their names, saying that their combined economies, from being just 15 per cent the size of the world's six most advanced countries' including the US and Japan -- would grow to become even larger than them in combination in fewer than 40 years.

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