From Frank Holmes of U.S. Global Investors:

When it comes to the BRICs, Brazil is sometimes an afterthought. China and India are burgeoning global powerhouses with more than 1 billion people each. Russia is a former military superpower looking to transition into an economic one.

Somewhere in the middle lies Brazil. It's the largest country in South America, both in terms of size and population, with just over 200 million people. The country is poised to overtake France and Britain as the world's fifth-largest economy and will play host to both the 2014 soccer World Cup and the 2016 Summer Olympics.

If you've been around a while, you probably know Brazil's been here before. Perhaps no other country has held so much potential without either rising to the top or falling flat on its face.

But this time it may be different...

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