Pursuits
Brazil Worries the ‘China of South America’ Is Eating Its Lunch
- As recession continues, Brazilian businesses head to Paraguay
- Paraguay positioning itself as low-cost manufacturing hub
A taxi and a motorcycle drive on a busy commercial street in Ciudad del Este, Paraguay,
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazilians are starting to have second thoughts about the business El Dorado next door.
Low taxes, low wages and low overheads are driving the Paraguayan government’s ambition to become the "China of South America": a low-cost manufacturing hub that attracts investment from across the region.