Brazil and the BRICS: The Trap of Short Time
In this paper we examine the BRICS by focusing on one of its member states: Brazil. More specifically, we focus on the relationship between Brazilian foreign policy under President Lula (2003-2010), U.S. hegemonic decline, and the commodity boom that provided economic resources to sustain Brazil’s p...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University Library System, University of Pittsburgh
2016-08-01
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| Series: | Journal of World-Systems Research |
| Subjects: | |
| Online Access: | http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/628 |
| _version_ | 1811322055753203712 |
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| author | Pedro Antonio Vieira Helton Ricardo Ouriques |
| author_facet | Pedro Antonio Vieira Helton Ricardo Ouriques |
| author_sort | Pedro Antonio Vieira |
| collection | DOAJ |
| description | In this paper we examine the BRICS by focusing on one of its member states: Brazil. More specifically, we focus on the relationship between Brazilian foreign policy under President Lula (2003-2010), U.S. hegemonic decline, and the commodity boom that provided economic resources to sustain Brazil’s position in world politics. With the world financial crisis of 2008, Lula’s belle époque came to an end. Without the abundant resources of commodity exports, Lula’s successor, Dilma Rousseff, tried unsuccessfully to combat the economic slowdown by further strengthening the economic role of the state. With this expansionist economic policy, she was elected for a second term in office, but immediately embraced the previous orthodox economic policies, what coupled with lack of support from the Congress, threw the government into crisis. As a result, not only has the political economy of Brazil re-aligned with the interests of financial capital, but also its foreign policy has returned to its historical alignment with the United States. Our contention is that the BRICS will soon be of no relevance to Brazil. |
| first_indexed | 2024-04-13T13:28:28Z |
| format | Article |
| id | doaj.art-acb25da6efac472b814c264ba40043d6 |
| institution | Directory Open Access Journal |
| issn | 1076-156X |
| language | English |
| last_indexed | 2024-04-13T13:28:28Z |
| publishDate | 2016-08-01 |
| publisher | University Library System, University of Pittsburgh |
| record_format | Article |
| series | Journal of World-Systems Research |
| spelling | doaj.art-acb25da6efac472b814c264ba40043d62022-12-22T02:45:02ZengUniversity Library System, University of PittsburghJournal of World-Systems Research1076-156X2016-08-0122240442910.5195/jwsr.2016.628639Brazil and the BRICS: The Trap of Short TimePedro Antonio Vieira0Helton Ricardo Ouriques1UFSC - Federal University of Santa Catarina (Brazil)UFSC - Federal University of Santa Catarina (Brazil)In this paper we examine the BRICS by focusing on one of its member states: Brazil. More specifically, we focus on the relationship between Brazilian foreign policy under President Lula (2003-2010), U.S. hegemonic decline, and the commodity boom that provided economic resources to sustain Brazil’s position in world politics. With the world financial crisis of 2008, Lula’s belle époque came to an end. Without the abundant resources of commodity exports, Lula’s successor, Dilma Rousseff, tried unsuccessfully to combat the economic slowdown by further strengthening the economic role of the state. With this expansionist economic policy, she was elected for a second term in office, but immediately embraced the previous orthodox economic policies, what coupled with lack of support from the Congress, threw the government into crisis. As a result, not only has the political economy of Brazil re-aligned with the interests of financial capital, but also its foreign policy has returned to its historical alignment with the United States. Our contention is that the BRICS will soon be of no relevance to Brazil.http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/628: Brazil, BRICS, foreign policy, semiperipheral state |
| spellingShingle | Pedro Antonio Vieira Helton Ricardo Ouriques Brazil and the BRICS: The Trap of Short Time Journal of World-Systems Research : Brazil, BRICS, foreign policy, semiperipheral state |
| title | Brazil and the BRICS: The Trap of Short Time |
| title_full | Brazil and the BRICS: The Trap of Short Time |
| title_fullStr | Brazil and the BRICS: The Trap of Short Time |
| title_full_unstemmed | Brazil and the BRICS: The Trap of Short Time |
| title_short | Brazil and the BRICS: The Trap of Short Time |
| title_sort | brazil and the brics the trap of short time |
| topic | : Brazil, BRICS, foreign policy, semiperipheral state |
| url | http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/628 |
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