16 July 2011

BRASIL / CHINA : The Good And Bad Of Econovore Beijing's Growing Influence.

LATIMES / V. Bevins
  Another report on Brasil's growing dependence on selling China commodities...while consuming its cheap, dumped goods...that kill native industries.


"After [George W.] Bush took over, Latin America was totally forgotten," said David Fleischer, a political scientist at the University of Brasilia. "A lot of Latin Americans thought that was great: better to be forgotten than be taken care of too much. The U.S. opened a void, and the Chinese came right in."
"The worst affected are certainly textiles and shoe producers," Fleischer said. "There are cases of Chinese imports wiping out Brazilian firms, then the Chinese came to Brazil and recruited the unemployed shoemakers and brought them to China. They wanted to learn what Brazil had learned in the '70s, how to make a shoe fit the American foot."