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The Intelligence from The Economist
Rio brand: why Brazil is courting China
Nov 19, 2024
Ana Lánchez, Brazil bureau chief for The Economist, and James Fransham, data correspondent, delve into the growing ties between Brazil and China. They discuss how Trump's potential re-election could intensify this partnership, including a new currency agreement aimed at reducing dependence on the U.S. dollar. The conversation also highlights President Lula's focus on wealth inequality and global governance during the G20 summit, while touching on the broader implications for global trade dynamics and the shifting political landscape.
20:45
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Quick takeaways
- Brazil's President Lula is prioritizing international collaboration to tackle poverty and climate change, despite challenges posed by Trump's re-election.
- The growing partnership between Brazil and China reflects a shift towards a multipolar world, reducing reliance on the U.S. dollar.
Deep dives
Brazil's G20 Ambitions
Brazil's President Luiz Inácio Lula da Silva aims to address wealth inequality at the G20 summit in Rio, focusing on three main proposals. He seeks international collaboration to eradicate hunger and poverty, reform global institutions like the UN and IMF, and secure funding to combat climate change. However, his plans face potential setbacks, particularly with Donald Trump's re-election influencing priorities. Lula's contentious relationship with Trump complicates these discussions, having backed Kamala Harris and opposing Trump's ally, Jair Bolsonaro.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode