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Quote by Fernando Henrique Cardoso

“Globalization is a reality. And this makes most leaders today realize that populist illusions can't be sustained before they collapse into stagnation and leave their political supporters deeply disillusioned. You can't inflate away your troubles or allow mountains of debt to build up if, as a country, you have to make your living in a globally competitive environment... Building prosperity requires caution and patience. It requires time. Populism is a short cut that doesn't work.”

Quote by Fernando Henrique Cardoso

Author

Fernando Henrique Cardoso

Former President of Brazil, a politician, and an economist. Born on June 18, 1931, Fernando Henrique Cardoso served as the President of Brazil from 1995 to 2003. During his presidency, he implemented significant economic reforms and focused on reducing poverty and improving education. more

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