Brasil: entre la guerra de divisas y las inversiones excesivas

The current social politics in Latin America is increasingly inclusive. In the case of Brazil, this is beingachieved, nowadays, by means of the reduction of the external economic vulnerabilities and its substitution by theincrease of the internal demand. Nevertheless, the macroeconomic stability also generates new vulnerabilities, sincethey attract immense quantities of external volatile capital that depreciates the dollar in the internal market and valuesthe national currency, with negative effects on the export competitiveness of the country and stimulating the imports ofcountries such China, which has kept its currency devaluated for many years. China and India are important buyers ofgoods, affecting the price of the commodities on the international market. The widespread increase of prices allows it toincrease the income of exporting countries, but maintains a strong imbalance in the relations of international exchangeand promotes the gradual deindustrialisation of the country.