Final answer:
True. Brazil has experienced significant economic growth and global market emergence over the last 20 years, yet the distribution of wealth remains uneven, with a minority elite holding significant wealth.
Step-by-step explanation:
The statement that Brazil has continued to flourish over the last 20 years, since the inception of the Real Plan and privatization efforts, is not a straightforward true or false question as it requires the examination of various economic and social indicators.
While the Real Plan stabilized the Brazilian economy and curbed hyperinflation, the privatization efforts helped modernize sectors such as telecommunications and mining. Brazil has become an emerging power in the global market and has urbanized to compete with economic core areas.
However, the statement neglects the multifaceted nature of 'flourish'. The pattern of wealth in Brazil indicates that the majority of wealth is held by a wealthy elite, with a large portion of the population not experiencing the benefits of economic growth. Issues like corporate colonialism and uneven economic freedom suggest social disparities are still prominent.
Therefore, the question's claim can be deemed partially true when strictly talking about economic growth, but less so when considering socio-economic inequalities and the distribution of wealth.