Ready for round two

Brazilian Pres. Fernando Henrique Cardoso's major economic reform is succeeding despite great odds and the pessimistic forecasts of observers of the country's economic situation. The results have, in fact, been dramatic as the country not only survived the investment crisis in the rest of Latin America brought about by the Mexican peso debacle but also sustained the strength of the 'real' in international currency markets. Cardoso faces a bigger challenge: how to win legislative approval for his far-reaching economic agenda.
President Cardoso plans to follow up the success of the real plan with further constitutional reforms. Is the Brazilian miracle for real - or will it prove merely another cruel [...]