The New Brazil: Regional Imperialism and the New Democracy

In the midst of a rapidly shifting global economy, Brazil has emerged as a powerful new player on the geopolitical stage. Against all odds, the Latin American nation managed, in just three years, to repay a 2002 $15.5 billion IMF bailout loan thanks to aggressive economic restructuring and a series of alliances that have placed it at the center of political and economic power in the region.

From the outside, Brazil is a poster child for neoliberal capitalism. Yet inside the country, the live...