Commentary: Brazil pays price for China pact – William Pesek Jr.

From Bloomberg, via the International Herald Tribune:

For a leader looking to bolster his nation’s economy and reduce its reliance on the United States, the idea seemed like a no-brainer: Hitch your fortunes to China. President Luiz In√°cio Lula da Silva of did just that…

Now, Lula has some explaining to do to a populace wondering if he gave away too much, too fast.

In the cafés, bars and corporate boardrooms of São Paulo, people are talking of how Brazil weakened its defenses for a rising economic power that is unwilling to do the same.



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