Petrobras, which rose to become the fourth largest company in the world, is now battling a serious corruption scandal that has left its reputation in tatters. How did this global oil major scale such heights spectacularly and and then fall so low? There are lessons in this for India’s public sector oil companies.
Though Brazil is a vibrant democracy, grievances over inadequate provision of public services and government overspending will not be resolved quickly due to the political disconnect with the needs of the people. Fernando Veloso blogs about the possible determinants and consequences of the protests
Elections are meant to be a suitable recourse in democracies if citizens feel that the government does not represent them. However, the recent protests in Brazil, Turkey and India show that people feel political classes are too far removed from their every day realities to address their grievances