• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Most Powerful Women

In Brazil, expect a presidental showdown

By
Michelle Lodge
Michelle Lodge
Down Arrow Button Icon
By
Michelle Lodge
Michelle Lodge
Down Arrow Button Icon
October 3, 2014, 9:31 AM ET
Cacalos Garrastazu--Obrito News
Add Fortune on Google for similar content.

Pundits in the United States continue to dicker over America’s readiness for a Madame President. But in Brazil, it’s no conversation: The country will vote for its leader on Sunday and amid a sea of 11 candidates, the election’s two front-runners—incumbent Dilma Rousseff and challenger Marina Silva—are both women.

The race is historic for Brazil. Rousseff and Silva represent the exception: Only 59.5% of women in the country work, says Brazilian political consultant Cila Schulman, compared to 80.9% of men. She adds that the biggest gap, however, is in politics. Currently only 9.6% of the seats in Brazil’s Congress are held by women.

Despite the current numbers, a change is coming. “Research shows that Brazilian voters strongly prefer women candidates,” says Scott Desposato, a political science professor at the University of California in San Diego. The perception of women as outsiders who can help address pressing economic, efficiency and corruption problems has spurred their rise to high office in the Latin American country, adds Desposato, and many poorer Brazilians see female politicians in a positive light—as mother figures.

But that soft spot for women hasn’t kept Brazilians from criticizing Rousseff, the country’s first female president. The career civil servant has drawn failing marks for her handling of Brazil’s financial system: Economists see her as having squandered opportunities to address public debt, improve public services and unravel a complicated tax system. She’s also been blamed for Brazil’s slowed economic growth and for how she and the finance minister have interfered with the central bank.

“The fact that inflation has been high, over 6.5% should have led them to let the price of the real fall,” said Werner Baer, an economics professor at the University of Illinois at Urbana-Champaign and the author of The Brazilian Economy. “The exchange rate unchanged means that exports of manufactured [goods] are less competitive, and the opposite is true for imports. This has hurt Brazil’s industrial sector.”

Rousseff has support from Brazilians who benefit from Bolsa Familia, a social welfare program started by her predecessor, Luiz Inácio Lula da Silva, and from workers who have seen their wages go up during her tenure.

Silva is the ying to Rousseff’s business sector yang. Executives view Silva, an internationally known environmentalist and a member of the Socialist Party, as market-friendly. They say she’s surrounded herself with an impressive financial team—including Maria Alice Setubal, the heiress to Itaúsa, the Brazilian holding company that owns Itaú Unibanco, one of Latin America’s largest banks with 96,000 employees.

Silva’s also focused on sustainability programs. Because of her pro-environmental stance—she was the environment minister under Rousseff’s predecessor Lula da Silva, serving between 2003 and 2008—executives of agribusiness view her with skepticism. Should she win the majority of voters’ hearts, Silva would be the first Green president of any large nation. “My objective is not to be President of Brazil. My objective is to contribute so that Brazil can be better, that the world can be better,” Silva recently told Time.

Silva, who also unsuccessfully ran for president in 2010, also has an appealing personal story. One of 11 children (three who have since passed), she is the daughter of rubber tappers from Brazil’s hinterlands and grew up impoverished. She suffered many illnesses, including malaria, hepatitis and metal poisoning. She overcame the challenges and taught herself to read at age 16.

Silva became a presidential candidate in August after her running mate, Eduardo Campos, tragically died in a plane crash while on the campaign trail. She immediately surged in the polls against Rousseff, saw her popularity dip dramatically as she was attacked by the incumbent and the centrist candidate Aceia Neves, the third-place candidate and a former governor. But Silva’s poll numbers steadied by Thursday night, says Schulman.

Both candidates have received their share of gendered criticism. Schulman says that Brazilians often say Rousseff is a “too strong, sometimes aggressive kind of woman.” Schulman adds that “[Silva], on the other hand, is quite fragile, which can harm her image as a president ready to face strikes, disasters and turbulences in the economy.”

Currently, Rousseff has 40% of the vote versus Silva’s 24% and third-place candidate Aécio Neves’ 19%, according to Thursday’s poll from IBOPE Intelligence in partnership with TV Globo and Estado de S. Paulo.

Brazil has a compressed election season, with only 45 days of television advertising, compared to the one in the United States. Rousseff naturally has the power of the office and the exposure that comes with doing her job. A runoff is expected and set for October 26, and by law happens if no one candidate gets 50% of the vote during Sunday’s election. Then a second round of voting is between the top two candidates.

Sunday’s race is down to the wire, but Brazil watchers are betting that October 26’s contest will result in another presidenta for Brazil.

Read more on Marina Silva, Dilma Rousseff and Brazil’s presidential election from our colleagues at TIME.

About the Author
By Michelle Lodge
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in International

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
1 day ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
22 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.