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Sean W. Burges

the US as a strategic partner well disposed to Brazilian development. Castelo Branco’s successor as military president Artur da Costa e Silva consequently redirected his country’s foreign policy to something approximating the política externa independente. In a pattern that has parallels with the PT foreign policy of the 2000s, Brazil moved to a foreign policy of ‘resposible pragmatism’, becoming a Third World country pushing for structural changes in global economic governance and actively campaigning to head the Group of 77. Regional coordination efforts focused

in Brazil in the world
Sean W. Burges

that Southern countries were in fact capable of endogenously managing their own economic affairs. This, combined with the dramatic economic improvements under the Lula presidency – which saw Brazil go from owing the IMF $50 billion in 2002 to loaning it $10 billion in 2009 – opened the space for Brazil’s legitimate inclusion in key economic governance institutions such as the G20 Finance and the quieter, but possibly more significant Financial Stability Forum (Armijo and Katada, 2014 ). Indeed, IMF confidence in former Brazilian macro-economic officials is such that

in Brazil in the world
Sean W. Burges

about global economic governance, but present venues where the actual decision making on daily questions is not dominated by the North. International multilateral action The BRICS also stand as a key example of how Brazil has used its expanded engagement with the Global South to magnify its international voice. A constant refrain in Brazilian speeches and statements was that the relative distribution of global power contained implicit and embedded inequities that threatened sustainable development (for example, survey the documents collected in Guimarães, 2006

in Brazil in the world
Abstract only
Sean W. Burges

as of writing had yet to be implemented. A more forward reaching attempt to shift global economic governance came from Brazil, with the idea that the BRICS countries might provide balance of payments support to floundering members of the Euro (Leahy, 2011 ). Implicit in the idea of a BRICS rescue fund was an apparent assumption that China would provide the major part of the capital, something which Beijing quietly decided against, leaving Dilma on her own to publicly muse about the possibilities of Brazilian financial aid for former colonial master, Portugal

in Brazil in the world