Brazil
The IMF Announced Brazil’s Leadership Position in Latin America
Veja Magazine, 10/01/09
The International Monetary Fund released their semester report in Istanbul, Turkey this Thursday and announced that Brazil has taken on an important leadership role in the Latin American recovery after the Global Economic Crisis.
The IMF revisedprevious economic forecast for the continent, reducing the decrease in growth estimated for this year (-2.5%) and elevating next year’s projected growth to 2.9% (2010). The IMF attributes the forecast’s revision to the aggressive export of primary materials, of which Brazil is at the forefront.
Brazil will play the role of the region’s economic locomotive. Although the country will experiencenegative growth in 2009 (-0.7%), it will reach +3.5% in 2010, thanks to their large internal market, to their diverse export market, and to their growing relationships with Asia.
Posted on October 1, 2009 by Brazil Institute
Veja Magazine, 10/01/09
The International
BRICs Drive Global Economic Recovery
July 22, 2009
Dear IMF Survey:
The L’Aquila summit might well have been the last G-8 summit ofits kind. You’d never guess (thanks to long-standing arrogance and Western egocentricity), but L’Aquila also hosted the heads of government of the emerging nations known as the BRICs (Brazil, Russia, India, and China).
From now on we should talk about the G-20 and actually mean what we say, and not simply pay lip service to the idea. Shifting balances of power, economic importance, andgeopolitical strategies make this imperative.
The BRICs, with 40 percent of the world’s population spread out over three continents, already account for 25 percent of global GDP. Last June 16, the BRIC leaders met in Yekaterinburg (Russia), and their meetings also included representatives of the governments of the Shanghai Cooperation Organization (SCO), whose members include not just China and Russia,but also Kazakhstan, Kyrgyz Republic, Uzbekistan, and Tajikistan, in addition to India, Pakistan, Iran and Mongolia as observers. Sooner or later, the economic importance of the BRICs and the SCO will have to be taken adequately into account.
In its June 20 issue, The Economist took note of this situation in an article entitled “Not Just Straw Men,” and asked if we were not witnessing a kind of...
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