Dilma Rousseff, Brazil's new president, had announced plans to sustain GDP growth above 5 percent per annum and continue the country's leadership role among emerging markets.
Between 2003-2010, Brazil benefited from policies that were steady and strong economic growth underneath the Lula government. Yet Brazil's activities to enforce a obligatory license of a patented treatment for HIV/AIDS and its own victory over cotton subsidies in a longstanding WTO dispute together with the USA had created tensions with important trading partners. Entering office in January 2011, Rousseff had the opportunity to outline a new agenda for international trade.
Rousseff additionally vowed active government involvement in the market, described in the instance as "Brazilian capitalism," but it was uncertain whether fiscal expansion coupled with conservative monetary policies would reduce bottlenecks to increase and further check Brazil's high inequality.
PUBLICATION DATE: February 02, 2011 PRODUCT #: 711024-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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