A abordagem de ciclos de liquidez na economia política internacional do sul global: o caso do Brasil (2001-2022).

Abstract

The present work reviewed the theories present in the Brazilian debate about the relationship between external financing and economic development, focusing on the approach of liquidity cycles as a counterpoint to other current perspectives in the field. From the empirical point of view, this perspective applied it in the Brazilian case, with the aim of contributing to the literature of international political economy (EPI) in the Global South. In this sense, it presented an overview external accounts and pattern of the country in the face of main facts of the international system in the first two decades of the 21st century. Therefore, we sought to articulate theoretical concepts in order to understand possible impacts of exogenous events, on the trajectory of the current account, on the exchange rate, on the public external debt and on the stock of international reserves of the Brazilian economy. The empirical analysis divided into two main periods: the first goes from 2001, the year that marks China's official entry into the World Trade Organization (WTO), until 2010, the year after the 2008-2009 crisis; while the second extends from 2011, the year that permeates the events of the Arab spring, to 2022, the year that the War in Ukraine begins.