Medida Provisória 881: The Empowerment Of Brazilian Entrepreneurship and The Hope For Less Bureaucracy In Business
AbstractWith the assumption of Jair Bolsonaro to the Presidency of Brazil the new president is looking to overhaul key com-ponents of the economy. Influenced by conservative thinker Olavo de Carvalho and supported by a team of like-minded free-market aficionados such as Paulo Guedes and Paulo Uebel, President Bolsonaro has issued an executive medida provisória to stimulate business development in Brazil by eliminating costs and bureaucracy for Brazilian businesses. The Medida Provisória 881 is already being considered a hallmark of legislation that is quintessential for the economy and the nation. This historic bill is often referred to as an “economic bill of rights”.
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