A flood of manufactured imports from China has pushed Brazil into the same camp as the US in the global currency war, pitting it against its biggest trading partner. The move signals a broader swing towards pragmatism under Dilma Rousseff, Brazil’s new president. But as Jonathan Wheatley of beyondbrics argues, Brazil also needs to address long-standing problems that undermine business competitiveness.
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Pragmatism draws Brazil closer to US | beyondbrics | News and views on emerging markets from the Financial Times – FT.com
February 8, 2011 4:28 pm