Originally posted by
[email protected] 06, 2007 05:57 pm
^^^ Leo is spot on, though. Brasil has always been trying to assert itself as the leading South American nation.
Actually, not so spot on, because Argentina, as the largest Spanish-speaking country over there, is always competing with Brasil for the leading role (hence Venezuela's more extensive deals with Argentina than with Brasil). Leo didn't elucidate upon Argentina. ;)
The issue is, neither Brazil nor Argentina being net exporters of capital (and not even significant exporters even disconsidering their imports), do they do that on their own or on behalf or third parties? And if they do it on their own, what kind of interest does this display?
Luis, you also didn't list China. If you look more closely at China's export of capital, it is VERY imperialist
But is it Chinese capital that it exports, or does it act as an intermediary for Japanese/Korean/Taiwanese capital?
(hence the US current account deficit, so the US is becoming more and more a victim of imperialism as it continues to perpetuate it).
While I hope this will happen in the future, I very much doubt it is happening now. And let's not forget that the US have enough political strength to just reshuffle the cards if it comes clear they are loosing economical controls. Remember Nixon devaluating the dollar!
I would daresay that Japan's economic influence in Southeast Asia is decreasing much faster than many of us think, and that China will take over. As for the so-called "renegade province," its economic influence is on the decline, as well, because more countries want to deal with the PRC, and because Taiwanese business is cutting more and more deals with the PRC (methinks that the PRC in its current state form will annex Taiwan without a shot fired ;) ).
I am under the opposite impression: that Taiwan is economically annexing China (in association with Japan, of course).
Luís Henrique