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Brazil’s Place in the Global Economy

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  • Porzecanski, Arturo C.

Abstract

Brazil is a country with long-standing ambitions for a major role in the world economy and in global governance, but its footprint in various measures of both remains relatively modest. On current trends, the gap between ambition and achievement will likely remain large, so we provide a critique of Brazil’s strategy in terms of economic statecraft; reflect on the wisdom of choices made in the past in terms of multilateralism vs. regionalism; and suggest a new approach that could enhance Brazil’s leadership role at the regional and global levels. It would involve the Brazilian government and business elites making clearer and more daring national choices, including shedding increasingly arcane and detrimental strategic alliances, in order to enable the country to become more involved with and thus influential on the global economic stage.

Suggested Citation

  • Porzecanski, Arturo C., 2014. "Brazil’s Place in the Global Economy," MPRA Paper 54257, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54257
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    References listed on IDEAS

    as
    1. Glenn W. Harrison & Thomas F. Rutherford & David G. Tarr & Angelo Gurgel, 2014. "Trade Policy and Poverty Reduction in Brazil," World Scientific Book Chapters, in: APPLIED TRADE POLICY MODELING IN 16 COUNTRIES Insights and Impacts from World Bank CGE Based Projects, chapter 10, pages 225-253, World Scientific Publishing Co. Pte. Ltd..
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    3. Canuto, Otaviano & Cavallari, Matheus & Reis, Jose Guilherme, 2013. "Brazilian exports : climbing down a competitiveness cliff," Policy Research Working Paper Series 6302, The World Bank.
    4. Bresser-Pereira, Luiz Carlos, 2009. "From old to new developmentalism in Latin America," Textos para discussão 193, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    5. Canuto, Otaviano & Cavallari, Matheus & Reis, José Guilherme, 2013. "The Brazilian Competitiveness Cliff," World Bank - Economic Premise, The World Bank, issue 105, pages 1-8, February.
    6. Mesquita Moreira, Mauricio, 2009. "Brazil's Trade Policy: Old and New Issues," IDB Publications (Working Papers) 2508, Inter-American Development Bank.
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    8. Yeats, Alexander J, 1998. "Does Mercosur's Trade Performance Raise Concerns about the Effects of Regional Trade Arrangements?," The World Bank Economic Review, World Bank, vol. 12(1), pages 1-28, January.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Brazil; diplomacy; economic diplomacy; foreign trade policy; economic statecraft; international economics; Latin America;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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