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Weekly Report - 19 March 2008 (ISSN 1741-7422)

BRAZIL: Economic success fuels regional distrust

Brazil's recent economic success and the news that its economy grew by 5.4% last year (see previous page) has helped to highlight the diverging views held of the country by its neighbours. While some see it as a trigger for greater investment and prosperity in South America, others seem to believe that it has awakened the sleeping giant's true imperialistic ambitions towards the region. The former reaction is fed by the regional integration rhetoric adopted by the Brazilian government over many years; the latter sentiment is a result of the reluctance of Brazilians to accept the costs of leading the regional integration process. Nowhere is Brazil's conflicting position more apparent than in the trade imbalance with its neighbours.

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