jkimball said:
In the mid 50's when the term was first used, that is pretty close to what it meant. The overall wealth of the world has improved, so that even third world countries now have shoes and electricity but it wasn't that long ago when they did not. Brazil was never really part of that group, it was industrializing when much poorer countries (think Chad, Afghanistan) were still working on getting electricity. Today Brazil is the B in BRIC - a group of emerging countries with huge potentail: Brazil, Russia,India, China. Of those four only China has a stable political climate, so it is has basically taken over. So much potential in Brazil wasted...
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Yeah, now the poor are far more richier, just look in wikipedia for Mexico, Brazil, Argentina, Chile, or look in google for images of Mexico city, monterrey, Sao Paulo, Buenos Aires, Santiago and you will see
