http://www.economist.com/blogs/democracyinamerica/2012/04/dilma-rousseffs-visit-america
How many Americans know about the economic successes of our South American neighbor during our economic troubles? Very few, though there are downsides mentioned in the article. Working with this nation would begin improving America's standing in Latin America and give a profitable place for American businessmen to invest, something they have not done much of here. Getting money following again is one key step to an American recovery, and goodwill is something America needs now.
3 comments:
From the article, it seems like Brazil is enacting protectionist policies while still trying to establish important trade connections through foreign policy. While Iran was obviously a failed attempt, perhaps they have a point in trying to connect with oil rich countries since they have a growing middle class. I would be interested in learning more about their own oil reserves (they're #16 in the world) and how they are dealing with that at a political level.
The news is inspiring. According to the article, America will pay more attention on its South American neighbors, especially Brazil. America sees potential profits from working with its growing neighbor--Brazil, and Brazil also has an intention to obtain more foreign investments and therefore further develop its economy. Nevertheless, both of them still have a concern for the future plans. Therefore, it is important to come up with a plan that will benefit both of the countries. Additionally, in my opinion, the globalization trend will make it easier for foreign countries to do business with each other and also to benefit each other.
Stephanie VanVliet comments are very interesting because the oil reserves are not necessary to be use for Brazil's domestic growth because they have developed alternative ethanol fuel network for the whole country. This gives them power in the oil market and allows them to reserves to help develop trade.
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