International public finance and the rise of Brazil: comparing Brazil's use of regionalism with its unilateralism and bilateralism
Within the extensive literature on international regionalism, the more limited academic work done on regional financial organizations (RFOs) tends to assume that, by pooling resources to address such common international economic issues as development funding and financial crises, RFOs contribute to...
Ausführliche Beschreibung
Autor*in: |
Henderson, John [verfasserIn] |
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Englisch |
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2016 |
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Übergeordnetes Werk: |
Enthalten in: Latin American research review - Pittsburgh, Pa. : LASA, 1965, 51(2016), 4, Seite 43 |
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Übergeordnetes Werk: |
volume:51 ; year:2016 ; number:4 ; pages:43 |
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OLC1986913716 |
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520 | |a Within the extensive literature on international regionalism, the more limited academic work done on regional financial organizations (RFOs) tends to assume that, by pooling resources to address such common international economic issues as development funding and financial crises, RFOs contribute to economic stability in their parts of the global landscape. Although South America has led the pack in creating such RFOs, their effectiveness is limited by the asymmetry in economic heft of the continent's governments. Rather than weighing the significance of financial regionalism in South America from the point of view of the majority, we assess whether and how this phenomenon has contributed to Brazil's politico-economic rise to near-major-power standing on the world stage in the twenty-first century. Drawing on extensive interviews with Brazilian officials conducted in March 2013, we analyze three instances of South America's international public finance: development lending, crisis lending, and payment systems. Our findings suggest that self-generated unilateral and bilateral financial initiatives have brought Brasilia far more significant economic and political results than have RFOs, whose various incarnations have yielded the continental giant few economic and only minor political gains. | ||
650 | 4 | |a International aspects | |
650 | 4 | |a Comparative analysis | |
650 | 4 | |a Unilateralism | |
650 | 4 | |a Public finance | |
650 | 4 | |a Regionalism | |
650 | 4 | |a Gross Domestic Product--GDP | |
650 | 4 | |a Politics | |
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650 | 4 | |a International finance | |
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International public finance and the rise of Brazil: comparing Brazil's use of regionalism with its unilateralism and bilateralism |
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International public finance and the rise of Brazil: comparing Brazil's use of regionalism with its unilateralism and bilateralism |
abstract |
Within the extensive literature on international regionalism, the more limited academic work done on regional financial organizations (RFOs) tends to assume that, by pooling resources to address such common international economic issues as development funding and financial crises, RFOs contribute to economic stability in their parts of the global landscape. Although South America has led the pack in creating such RFOs, their effectiveness is limited by the asymmetry in economic heft of the continent's governments. Rather than weighing the significance of financial regionalism in South America from the point of view of the majority, we assess whether and how this phenomenon has contributed to Brazil's politico-economic rise to near-major-power standing on the world stage in the twenty-first century. Drawing on extensive interviews with Brazilian officials conducted in March 2013, we analyze three instances of South America's international public finance: development lending, crisis lending, and payment systems. Our findings suggest that self-generated unilateral and bilateral financial initiatives have brought Brasilia far more significant economic and political results than have RFOs, whose various incarnations have yielded the continental giant few economic and only minor political gains. |
abstractGer |
Within the extensive literature on international regionalism, the more limited academic work done on regional financial organizations (RFOs) tends to assume that, by pooling resources to address such common international economic issues as development funding and financial crises, RFOs contribute to economic stability in their parts of the global landscape. Although South America has led the pack in creating such RFOs, their effectiveness is limited by the asymmetry in economic heft of the continent's governments. Rather than weighing the significance of financial regionalism in South America from the point of view of the majority, we assess whether and how this phenomenon has contributed to Brazil's politico-economic rise to near-major-power standing on the world stage in the twenty-first century. Drawing on extensive interviews with Brazilian officials conducted in March 2013, we analyze three instances of South America's international public finance: development lending, crisis lending, and payment systems. Our findings suggest that self-generated unilateral and bilateral financial initiatives have brought Brasilia far more significant economic and political results than have RFOs, whose various incarnations have yielded the continental giant few economic and only minor political gains. |
abstract_unstemmed |
Within the extensive literature on international regionalism, the more limited academic work done on regional financial organizations (RFOs) tends to assume that, by pooling resources to address such common international economic issues as development funding and financial crises, RFOs contribute to economic stability in their parts of the global landscape. Although South America has led the pack in creating such RFOs, their effectiveness is limited by the asymmetry in economic heft of the continent's governments. Rather than weighing the significance of financial regionalism in South America from the point of view of the majority, we assess whether and how this phenomenon has contributed to Brazil's politico-economic rise to near-major-power standing on the world stage in the twenty-first century. Drawing on extensive interviews with Brazilian officials conducted in March 2013, we analyze three instances of South America's international public finance: development lending, crisis lending, and payment systems. Our findings suggest that self-generated unilateral and bilateral financial initiatives have brought Brasilia far more significant economic and political results than have RFOs, whose various incarnations have yielded the continental giant few economic and only minor political gains. |
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International public finance and the rise of Brazil: comparing Brazil's use of regionalism with its unilateralism and bilateralism |
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