Although the economy of Brazil isn’t the greatest in the world – quite literally – it’s still significant, considering that the nation is so large, but more importantly because it is home to more people than any other country on planet Earth, with the exceptions of China, India, the United States, and Thailand.
According to Eduardo Guardia, the finance chief of the nation of Brazil, the nation is against protectionism, or policies in countries that keep their own goods for themselves, rather than trading them throughout the globalized world at large.
Mr. Guardi said in an interview with CNBC, “Brazil wants to become a more open economy,” which roughly translated, in terms of practicality, that the nation’s financial leaders, including all those within the ranks of Brazil, that the nation wants to import more goods and from outside of its orders, as well as export raw materials, commodities, and other indirect sources of economic activity poured back into Brazil, rather than kept within its own barriers.
Such sharing cam about at the International Money Fund Spring Meetings in 2018, which was held in none other than the great ol’ United States, in its capital city of Washington, D.C.
Despite the fact that the economy of Brazil will certainly reap the benefits of the trade war that’s going on between the United States and China, as both of the countries will go to Brazil for business, the nation is clear about its thinking that free trade is the way to go in terms of economic success.