On October 26, Brazil re-elected President Dilma Rousseff, the 66-year old leader of the Workers’Party, whose first term began in 2011. In one of the most dramatic elections in the history of the world’s fourth-largest democracy, Rousseff gained a very narrow victory, securing 51.6% of the votes compared with 48.4% for her opponent, the 54-year old economist Aecio Neves, candidate of the Social Democracy Party. “This is the closest and most bitterly fought election in Brazil’s history, so this is a very special election,” Felipe Monteiro, a senior fellow at Wharton’s Mack Institute, told the Knowledge at Wharton show  on Wharton Business Radio on SiriusXM Channel 111 . (Listen to the podcast at the top of this page.) Monteiro, who is also a professor of strategy at INSEAD, spoke about the factors that drove her reelection and the most significant challenges facing Rousseff during her second term.…