BRIC Coalition Most Beneficial for Brazil

The coalition of Brazil, Russian, India and China (formally known as the BRICs countries) is seen as most strategically beneficial for Brazil.

The four countries are planning for their first official meeting, scheduled for sometime in the middle of this year. The agenda for the first meeting is both to discuss common interests and to work on a possible joint strategy to take on the current global financial crisis.

The major challenge the 4 countries will have in reaching agreements is their drastically different economic and political points of view and interests.

Though it is not currently known how serious each of these countries is about joint undertakings, it is likely that Brazil will treat this as one of its international priorities. Brazil has been visually increasing its diplomatic reach in the past years in attempts to become recognized as much more than than a regional power.

Due to their more developed militaries and important international leadership roles (such as seats on the UN Security Council) Russia, China and India currently play a larger part on the international diplomacy front. However, Brazil is increasingly developing as a key player due to its growing economic stability and the growth of its GDP in the past decade.

Comments

[Amouna:]

Brazil is for sure becoming a global economic power of the 21st century. I wouldnt be surprised if its GDP surpasses that of Spain or Portugal in the few years to come. Large Commodity exports with looming prices due to reset higher sometimes soon (When they ink substantial deals with China) + a rock solid production base and a sound monetary policy that the Central Bank has implemented to get rid of the hyperinflationary ghosts of the 80's all guarantee a long term stability to the BRL

Apr 03 07:18 AM

[Zoltan L. K...:]

The "drastically different economic and political points of view and interests" of the BRICs means, the more diverse they are, the higher their impact could get, should they reach any meaningful agreements.

Apr 04 03:07 AM