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Brazil and Venezuela Economic Governance - Essay Example

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This essay is aimed towards discussing the main features of Brazilian and Venezuelan democratic as well as economic governance systems critically reviewing their similarities along with dissimilarities owing to the role played by these nations in Latin America’s “Left Turn”…
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Brazil and Venezuela Economic Governance
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Brazil and Venezuela Economic Governance

Download file to see previous pages... From this discussion it is clear that it was the period from the second quarter of 2005 to end months of 2006 that preceding repeated presidential elections, the idea of “swing to the Left” or “new Left” was introduced in the Latin American political history. This gave rise to a new notion in the Left government of the region polarizing two social coalitions, one being a “social democratic Left” such as that of Brazil and the other being a “populist Left” illustrated by the democratic system of Venezuela.This study highlights that under the leadership of Luiz Inácio Lula da Silva, the Brazilian economic governance became more inclined towards chasing the traditional macro-economic policies being practiced in the nation generating robust financial surplus owing to its agreement with the International Monetary Fund (IMF). In relation to its democratic governance, the nation began encouraging it’s regional as well as local capacity aiming dynamism in its socio-economic structure, even though the employment rate and other social growth factors were recorded to be worthy of deep concern. Where the aforementioned attempts made by Brazil demonstrates the main features of the governance in a  “social democratic Left” country under the influence of Latin America’s “Left Turn”, the policy measures adopted by Venezuela with the leadership of Hugo Chávez demonstrate a quite distinct picture of the “populist Left” region.   ...Download file to see next pagesRead More
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