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In Newsweek Magazine

18: Luiz Inácio Lula da Silva

President, Brazil

Economists groaned when the hirsute former union man took office in 2003, but soon they were gasping instead. Brazil, once at the edge of ruin, now has $207 billion in Treasury reserves and the lowest inflation rate in the developing world. Thanks to Lula's fiscal smarts, Brazil is among the world's healthiest emerging economies.

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