Suchergebnisse

This paper analyses Brazilian multilateral commercial diplomacy first in the General Agreement on Tariffs and Trade (GATT) between 1947 and 1994, then in the World Trade Organization (WTO) between 1995 and 1999. Participation in the GATT and the WTO has traditionally occupied an important position in the Brazilian agenda, but not always for the same reasons. The historical section is followed by an appraisal of Brazilian long-term multilateral commercial diplomacy in the GATT and the WTO, and in the final section the way ahead is pointed out. (Polit Externa/DÜI)

ABSTRACT This paper examines the similarities and contrasts of strategies adopted by the larger South American economies - Argentina, Brazil and Chile - in dealing with the problems raised by the fall of their export revenues coupled with the almost complete interruption of the inflow of foreign capital in the late 1920s and early 1930s. The characteristics of foreign indebtedness of these countries in the late 1920s and the ways the external shock affected their balance of payments from 1928-29 to 1933-34 are also considered. Their differentiated adjustment processes including debt adjustment schemes adopted during the 1930s and early 1940s are compared. Permanent debt settlements are described and discussed. Finally, it considers the links between growth performance of these countries and differentiated foreign debt policies.

This paper examines the similarities and contrasts of strategies adopted by the larger South American economies - Argentina, Brazil and Chile - in dealing with the problems raised by the fall of their export revenues coupled with the almost complete interruption of the inflow of foreign capital in the late 1920s and early 1930s. The characteristics of foreign indebtedness of these countries in the late 1920s and the ways the external shock affected their balance of payments from 1928/29 to 1933/34 are also considered. Their differentiated adjustment processes including debt regulation schemes adopted during the 1930s and early 1940s are compared. (Rev Econ Polit/DÜI)

Se describen los sectores financieros de los paises del Mercosur y se comparan sus esquemas normativos, senalando las marcadas asimetrias que existen en lo relacionado con los esfuerzos de desreglementacion, asi como en las regulaciones referidas a la integracion financiera en la economia mundial. Se considera que la falta de convergencia de las politicas macroeconomicas continuara creando tensiones en el Mercosur y que la mejor forma de coordinacion podria surgir de la adopcion de politicas monetarias y fiscales sostenibles en las economias de los paises miembros, enfatizando la estabilidad de los precios. En este sentido se plantean algunos escenarios posibles. (Integr Comer/DÜI)

RESUMO Embora a participação da dívida em francos franceses no total da dívida brasileira fosse de apenas 6% em 1930, a análise interessa pela forte concentração de ingressos pouco antes da Primeira Guerra Mundial, pela concentração do endividamento em empréstimos de alto risco aos estados e municípios e ao fato de que a França foi o único país credor a retornar ao ouro com uma paridade quebrada. O processo de endividamento progressivo do Brasil em francos é descrito e o desempenho dos empréstimos em diferentes moedas é avaliado em relação a alternativas como a compra de títulos do governo.