Brazil's Place in the Global Economy

Brazil is a country with long-standing ambitions for a major role in the world economy, but its footprint remains relatively modest. This chapter in a forthcoming book documents the extent to which Brazil's economy remains fairly inward-looking and isolated from global markets, despite the modernizing reforms of the past generation. It then discusses some of the causes, which include both contingent economic factors and conscious foreign-policy choices. It concludes with a discussion of potential policy changes that could enable Brazil to bridge the gap between global ambitions and achievements