China’s continuing advancement towards superpower status will inevitably benefit its South America ally: Brazil. Already, this can be seen with increased trade and a united focus on improving the scope of the BRICS Development Bank. Brazil Banking Expert Igor Cornelsen explains how Chinese & BRICS Development Bank developments can boost Brazil bank values.
“Chinese Make Brazil Infrastructure Investment”
During their May 2015 meetings, the leaders of China and Brazil discussed various railroad infrastructure projects that could help expand the trade routes in South America. One of these projects was the railroad to the Pacific “that would cut through the Amazon rain forest.” This would dove-tail nicely with Chinese plans to build a canal in Nicaragua.
As China grows, it has increased its construction expertise. China’s alliance with Brazil can help improve infrastructure to create a more efficient flow of goods.
Igor Cornelsen – JusBrasil
“Should BRICS Development Bank Replace World Bank”
All classes of Brazilian society can benefit from these large infrastructure projects. The working class will benefit with increased employment opportunities. The middle class can sell more services to a wealthier labor force. The upper class can invest in banks, providing the capital to make these projects successful.
Brazil President Dilma Rousseff suggested that the BRICS Development Bank might offer a better future than the International Monetary Fund and World Bank, which “do not reflect in their governance the weight of emerging countries.” Naturally, as nation’s rise, they expect to gain a larger slice of the geo-political and economic pie. Brazil and China are united in this pursuit.
In his CNBC interview, Brazil Banking Expert Igor Cornelsen discussed how the close Chinese and Brazil political-economic cooperation is a key international relationship to watch. Brazil is a rising star, whose banks would be a great addition to anyone’s investment portfolio.
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