Brazil’s crisis philosophy: Foreign currency reserves trump IMF credit lines
One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international [...]
The country of the future finally arrives
The Guardian Across the country, similar optimism can now be heard among businessmen and politicians, all convinced that South Americas sleeping giant is finally waking up. Brazil has long been known as the país do futuro country of the future. But a series of economic and political crises and 21 years of military rule somehow [...]
Can China and India save the US?
Bill Emmott, former editor of The Economist writing in the Guardian via GuardianComment is free The continued growth of China and India is being financed by Chinese and Indian savings – India still has a small balance-of-payments deficit and needs a bit of foreign borrowing, but it doesn’t need much. The vast amounts of investment [...]
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