BusinessPostCorner.com
No Result
View All Result
Monday, July 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Why is Brazil’s Lula building Brics?

July 14, 2024
in Business
Reading Time: 2 mins read
A A
0
Why is Brazil’s Lula building Brics?
ShareShareShareShareShare

So what does slow-growth Brazil gain from being dragged along in China’s economic slipstream?

Rodrigo Zeidan, a Brazilian economist based at China’s New York University Shanghai, tells the BBC that Brazil and China alike see the Brics as a “hedge” in terms of global alliances, rather than as a top priority.

“The Brics right now, for Brazil, cost almost nothing,” he says. “So if the benefits are not high, it’s fine. They are neither a big benefit nor a hindrance.”

Since China is its biggest trading partner, Brazil is comfortable maintaining close relations with Beijing, even if the Brics grouping provides it with some “strange bedfellows”, as Mr Zeidan puts it.

Lula has certainly maintained an ambiguous position on Russia’s war in Ukraine, but that is more due to Brazil’s traditional neutrality in foreign policy than to a wish to support a fellow Brics nation.

For Monica de Bolle at the Peterson Institute, herself a Brazilian economist, President Lula showed “a lot of naivety” in committing to the Brics because of his belief in furthering relations among the big so-called global south nations.

As a result, Brazil has now acquired “a China dependency” that could harm it in other foreign policy relations, she says.

“If you are in the US, you know that the US stance on China is not going to change [whoever wins the presidential election in November],” she adds.

“In either case, it’s moving in the direction of greater anti-China sentiment. At some point, that’s going to create additional reactions from China, which could put Brazil in a very difficult position, because it’s perceived as being aligned with China.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Former fire chief who died at Trump rally used his body to shield family from gunfire

Next Post

BlackRock says gunman from Trump rally appeared in an ad for the firm and was unpaid

Next Post
BlackRock says gunman from Trump rally appeared in an ad for the firm and was unpaid

BlackRock says gunman from Trump rally appeared in an ad for the firm and was unpaid

Package holidays to Spain, Cyprus and Turkey soar in price

Package holidays to Spain, Cyprus and Turkey soar in price

July 9, 2025
North Korea unconditionally backs Putin’s war in Ukraine during Lavrov visit

North Korea unconditionally backs Putin’s war in Ukraine during Lavrov visit

July 13, 2025
More price rises on the cards in Oxfordshire

More price rises on the cards in Oxfordshire

July 11, 2025
Families invited to enjoy annual Children’s Day in Jersey

Families invited to enjoy annual Children’s Day in Jersey

July 13, 2025
North Sea operators ‘running out of time’ to plug old oil wells

North Sea operators ‘running out of time’ to plug old oil wells

July 10, 2025
Mexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’

Mexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’

July 8, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Cybercrime is big business in Asia, and AI could be about to make things worse

Cybercrime is big business in Asia, and AI could be about to make things worse

July 14, 2025
Trump to miss chance for UK parliamentary address during September state visit

Trump to miss chance for UK parliamentary address during September state visit

July 13, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!