I grew up seeing those as the country that leads the liberal and democratic world. It was the country that entered two wars to get the abyss. Therefore, for my generation, it is difficult to understand what has been happening with. The country still today plays an important role as one of the main actors in conflict resolution. However, in a turn, it seems to have set aside both his allies and his historical discourse. It gives the impression of leaving an empty space at the table – but there is no vacuum in power.
Announced by the US government does not match the discourse of a country that has been self -proclaiming liberal for so long. It is a historical setback. In 1941, the British president and prime minister signed the Atlantic letter, in which they advocated the promotion of economic cooperation and security among countries in a future postnazism. According to the study, “Thus, Churchill and Roosevelt recognized the relationship between international economic collaboration and lasting peace and security.” According to the same study, this agreement can be considered the first step towards postwar multilateral economic rules.
What was known at the time was that an increase in postwar protectionism could lead the world to the same catastrophic economic result in the 1930s. Therefore, the search for free trade agreements was critical to promoting economic growth. The General Agreement on Tariffs and Commerce (GATT) – the prerequisher of the creation of in 1995 – was established in 1947. Brazil was one of the signatories of GATT and one of the founding members of the WTO.
The advantages of trade are known and can bring multiple benefits to signatory countries. It raises well-being by expanding competition, diversifying goods and reducing prices, which increases real income. It can also function as an alternative to immigration by contributing to wage equalization between countries. However, the current American policy continues in the opposite direction, restricting both trade and immigration – a path with negative consequences for its economy. In addition, trade agreements have political potential: they can bring old rivals closer, as showed the creation of the European Coal and Steel Community in 1951, embryo of the European Union, with France, Germany, Italy, Netherlands, Belgium and Luxembourg among signatories.
Brazil can benefit from the new configuration of international policy to seek new trade agreements. A first step would be Congress to ratify the Trade Agreement with the European Union. The federal government could also negotiate an agreement with the United States, reducing the tariffs applied by Brazil over US products and, at the same time, seeking to avoid tariff increases from the US. In addition, the country could open its doors to a new wave of immigration. As I mentioned in my column, “migratory flows can increase the dynamism of the economy. For a country that has been trapped in the average income trap for 40 years, new commercial agreements and a new migratory cycle could contribute significantly to long -term growth.
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