A Tale of Two Countries: Brazil vs. Mexico, by Andres Velasco via @ProSyn po.st/L3knvl
Barely two years ago, Brazil’s rapid economic growth and expanding middle class made it the darling of financial markets, whereas Mexico was better known for drug gangs and violence. With slow growth and stalled economic reforms, financial markets were about to write off Mexico as a lost cause.
How quickly countries’ reputations can change. Today, the Brazilian economy is stagnating, and no amount of infrastructure investment for the World Cup and the Olympics seems able to pull it out of its rut. Mexico’s economy, by contrast, is expanding at a steady clip, pushed along by a recent boom in industrial exports to the United States.
So Brazil has become the star that disappoints, while Mexico is the underperformer that suddenly shines. What is going on?
Brazil in Africa: Just Another BRICS Country Seeking Resources? | Chatham House shar.es/h7QSn
This briefing paper sets out to give an overview of Brazil’s activities in Africa and analyse its motives for engagement. It details the different activities, highlighting the basic principles and peculiarities of Brazil's Africa policy.
- Over the last decade, Brazil has expanded its engagement with Africa, doubling its diplomatic presence from 17 to 37 embassies.
- New economic partnerships have been forged, raising trade with Africa in the same period from US$4.2 billion to US$27.6 billion.
- Oil and other natural resources account for 90% of Brazil’s imports from the continent and Brazilian investment is focused mainly on Lusophone Africa.
- Brazilian policy-makers see Africa's biggest potential as providing a consumer market for their country's manufactured goods.
- Brazil also uses its Africa policy as a means to achieve its foreign policy goal of being recognized as a major power.
- South–South cooperation is a key driver of Brazil's Africa policy as it is seeking support for a permanent UN Security Council seat.
- Brazil advocates South–South cooperation projects that are based on its own development experience. Biomedical and health research and agricultural research have been turned into effective foreign policy instruments.
Brazil in Africa: A new Atlantic alliance | The Economist econ.st/SEjvZf
Brazil Gains Business and Influence as It Offers Aid and Loans in Africa http://t.co/zNzrbqoe