“Brazil’s economic rise has led it to pursue greater influence in international forums at the same time that it fosters cooperation among countries in the developing world with ‘south-south’ initiatives,” argues Stephanie Hanson of the Council on Foreign Relations. In a recent backgrounder, she details Brazil’s rise and its relations with the United States. Brazil is poised to recover relatively quickly from the global financial crisis and will continue to assert itself in international affairs and push for a stronger voice in multilateral bodies.
And Brazil’s policies are unlikely to end with Lula’s exit after the 2010 elections. “Responsible macroeconomic policies are probably here to stay, even when a new president takes office in January 2011,” writes Erasto Almeida, an analyst for Eurasia Group. “No matter who wins the presidential election, it is highly unlikely that Brazil will return to the kind of irresponsible macroeconomic policies it had in the past.”
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