The financial markets and the foreign policies of Dilma Rousseff and Aécio Neves

By Kenneth Maxwell

The markets have already decided on the second round of the presidential elections in Brazil. Bovespa goes up when Dilma is down and is down and Dilma is up in the polls. For some time the markets are complaining about the incumbent’s “interventionist” policies. Also, Dilma’s Brazil has an unsettled relationship with the rest of the world, poisoned by the Edward Snowden’s revelations that the National Security Agency (NSA) used to intercept the Brazilian president’s mobile, which led her to cancel an official visit to USA.

Rousseff’s foreign policy is influenced largely by Professor Marco Aurélio Garcia. Radical opponent of the military regime, he is one of the founders of PT and coordinated Lula’s campaigns (1994, 1998, 2006). He was also one of the organisers of the “Forum of Sao Paulo”, a meeting of leftist movements in Latin America and the Caribbean.

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