Brazil is a country larger than the continental US, with a population approaching 200 million, the largest economy in Latin America and a diversified economy (agriculture, aviation, car manufacturing, pharmaceuticals, tourism, etc.) that looks more solid - at this point - than the US economy. For investors, agribusiness companies, professional service firms (accountants and lawyers) and other business interests, Brazil is a tantalizing target to consider. At the same time, Brazil can present a difficult face - due to government bureaucracy, infrastructure issues (especially outside of Sao Paulo, the business capital of Brazil, and coastal areas), and the potential for fraud and corruption. Some of the issues to consider: 1. How big is the opportunity? Quantifying the market in Brazil. 2. What are the obstacles? How can they be dealt with? 3. The government in Brazil: federal / state / municipalities. What does it all mean? 4. Relationships in Brazil - using but not abusing your friends and contacts. 5. Fraud and corruption in Brazil: how to spot it / how to counter it. During and after Carnaval, Brazil remains an exotic adventure. There is much, much more to Brazil than Rio and Carnaval.