Opinion: Brazil: Another emerging economy to watch

East Oregonian - Opinion
7/12/2009 5:22:00 AM
By HARRIET ISOM

In previous articles I have talked about the top two emerging economies in the world, China and India. I want to focus today on Brazil, Latin America's largest economy and population, and the world's 11th largest economy. What we see is a country that newly aspires to be the power broker of its region since the United States has been preoccupied with the Middle East and South Asia. Brazil is also included in "BRIC," the new shorthand designation coined by a Goldman Sachs analyst for the four emerging world economies who have been meeting independently - Brazil, Russia, India and China.

Brazil believes its new economic clout warrants a permanent seat on the UN Security Council. And it most certainly desires a dialogue more among equals when it talks to the United States and the European Union about trade, international finances, development, energy and security.

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