There have been a lot of economic issues where a lot of banks have failed. Many countries have hit rock bottom with the changes in economic conditions. However, there are some countries that have managed the economic storm quite well. One region is Brazil. Brazilian banks have shown a lot of resilience amidst the downturn of the economy. This may cause one to ask how Brazilian banks manage to stay on top while other banks fail. Igor Cornelsen has his own theories on how the banks of Brazil hold up well compared to the other banks. Igor believes that the key to surviving different economic conditions is in money management.
A large part of money management is knowing who to lend to. Brazil is very selective about who it will lend to. As a results, the costs are managed and the banks have a little more hope and security when it comes to moving forward. As a result, people that have not so good credit scores are going to have to look for other means of financing like banks in the public sector. Igor Cornelsen also believes that solutions that are more oriented towards the market are going to be a good choice for the Brazilian economy.
There is another factor at play with Brazil. There are a ton of natural resources in Brazil as well as a growing population that will require some new developments of infrastructure. Many of the food that is sold in developed countries have been produced in Brazil. Brazil has a lot of factors going in its favor which attracts many investors like Igor Cornelsen. Brazil will continue to grow amidst all of the storms.
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