Struggling fishing communities Brazil may have found a way to turn their economic troubles around. A university there has set up a fishermen's cooperative to introduce oyster farming in the area and boost economic development. The advantages of oyster farming go beyond economics — the industry can increase biodiversity and water-filtration services.

Even as the global market looks increasingly unsteady, China's economy continues to boom. It has already become apparent that this rapid growth is contributing to increasing income inequality.

The Financial Times argues that China should learn from Brazil by combatting economic inequality with more social spending on things like health care and education.

The BBC reports that the Brazilian government has unveiled a new anti-poverty plan that, if approved, will provide millions of dollars towards the creation of jobs for 24 million people and improve basic infrastructure - like electricity - to some of the poorest areas of Brazil.

Some feel the plan is related to upcoming municipal elections this year and has been heavily attacked by critics. Regardless, creation of 24 million jobs is much needed in a country where 30 percent of the population lives under the poverty line.

Here is a very encouraging story from Newsweek about social entrepreneurship and the kind of change that is possible when thinking outside of the box. The story highlights the innovative work of José Roberto Fonseca that is revitalizing the agricultural sector in one of the poorest districts in Brazil. Using a combination of solar energy and a process known as hydroponics, José has been able to create sustainable solutions for agricultural problems that inundate this arid region of Brazil.

But where others saw privation, Fonseca saw opportunity. "Poor people in the sertão have been farming beans, manioc and corn the same way they have since Brazil was discovered, and poverty is as bad as ever," he says, waving at the monotonous expanse of balding scrub and cactus. "It's time they tried something different."

A Brazilian anti-poverty program known as Bolsa Familia ("Family Fund") is getting attention from governments around the world, writes the Economist. Modeled on a similar program in Mexico, this conditional cash transfer program has been tested successfully in several other Latin American countries, and the World Bank is now looking to start similar programs in Eastern Europe.

In the Brazilian version of the program, poor families with children receive direct transfers of around 70 reals (about $35) a month, on the condition that their children stay in school and have regular health checkups. According to the World Bank, this relatively simple and modest program is unique in that it can help reduce both current and future poverty and inequality in Brazil.

Lucy Conger's story "The Big-Country Enigma" examines why micro-credit has flourished in smaller countries like Peru and Bolivia while remaining somewhat small in scale in countries such as Brazil.

Does both over and under government regulation stand in the way to microfinance?