Mudanças nas contas externas brasileiras no século XXI: uma perspectiva baseada no comércio internacional

Abstract

The first two decades of the 21st century were marked by events that influenced the world economy, such as China's entry into the World Trade Organization, the Commodities Boom, the Global Financial Crisis and the Covid-19 Pandemic, for example. This research seeks, through a qualitative literature review methodology combined with a descriptive analysis of economic data, to understand how external factors can influence the Brazilian external accounts, starting, specifically, from the country's trade balance. In addition, this paper analyzes the ways in which factual changes in the world economy reflect theoretical changes, based on a narrative review of themes addressed by the International Political Economy (IPE) literature, such as Globalization (and deglobalization), the focus on economies emerging markets and Global Value Chains.