BRICS has by now turned into a brand. This brand imposes responsibility on its members to respond to global challenges and serves the interests of the global community.
In the name of the dream of global relevance in the future, Brazilian leaders often ends up forgetting to rule in the name of people’s well-being in the present.
Caught in the transition between competitive scarcity and competitive abundance the status of Brazil as an emerging power was left hanging in the balance.
Foreign policy is usually not considered relevant in Brazil’s domestic agenda but it is time to realize that the country is part of the same globalised world.
Moderation and not quick change of the Workers’ Party has been a key factor in the turning of the tide for progressive change in Brazilian shores.
Today, Brazil finds itself enmeshed in the worst economic contraction in a generation, coupled with a political deadlock fuelled by a parade of corruption scandals.
Serious measures will have to be put in place if Brazil is to sustain its competitiveness and continue to be one of the engines of economic growth for the global economy.
The ‘Vinegar Revolution’ is an expression of rage against power, corruption, and unfairness that lacks specific form or targets and ultimately is likely to fail to produce any change.
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