From north american hegemony to chinese rise: the brazilian economy in a global order in transition

Abstract

This paper discusses the role of the Brazilian economy in the political economy of the world system from the perspective of a global order in transition. This order in transition consists of the cooling of the North American global power observed in the last decades and, on the other hand, the expressive economic growth of China and the territorial expansion of its investments and trade. It consists in questioning the economic model in force in Brazil, also known as the accumulation pattern, based on the expansion of the production of primary products and its clear dependence on exports.