Bolsonaro’s mixed policies in Brazil and Brazil could set him on fire

Brazilian President Jair Bolsonaro will respond alongside ” Ze Gotinha, ” the mascot of the vaccination campaign, at the inaugural reception of the National Vaccine Action Plan against COVID-19 at the Planalto Palace in Brasília, Brazil, 16 December 2020. / Getty

Brazilian President Jair Bolsonaro will respond alongside ” Ze Gotinha, ” the mascot of the vaccination campaign, at the inaugural reception of the National Vaccine Action Plan against COVID-19 at the Planalto Palace in Brasília, Brazil, 16 December 2020. / Getty

Editor’s note: Ken Moak taught university-level economic theory, public policy and globalization for 33 years. He co-authored the book “China’s Economic Rise and Its Global Impact” in 2015. The article reflects the views of the author, and may not be CGTN’s.

Brazilian President Jair Bolsonaro seemed to be in a dilemma, wanting to cooperate with China at the recent 2020 BRICS summit but doing everything he could to prevent vaccinations HVwei and Chinese made COVID-19. These conflicting views could contribute to the economy and the pandemic.

At the 12th BRICS summit in November, Bolsonaro pledged to work with the leaders of Russia, India, China and South Africa to prevent the spread of COVID-19 pandemic disease for recovery. economic in the period after a pandemic. This was a “wise” choice because, more than ever, Brazil needs to co-operate in China, with the former being the third worst hit by the pandemic in terms of disease and disease. second in terms of deaths, after USA and India.

The Brazilian economy was hit hard by the pandemic, gaining a nearly 10 percent contract in the second quarter of this year, according to World Bank figures. But thanks to increases in agriculture and industrial output and trade, the economy enjoyed positive growth in the third quarter, forcing the government to revise a recession by just 4.7 percent for 2020. But this “hope” will “empty” if Bolsonaro succeeds in banning Huawei 5G Devices and Chinese vaccines.

A ban on Huawei could cause major economic damage to the economy and pose a financial disaster risk to Brazil ‘s four major telecom companies – Telefonica Brazil SA, Groupo Oi SA, Tim Participacoes SA, and Claro. According to a Dec. 9 report by Reuters, the Chinese company’s equipment accounted for more than 50 percent of the total equipment of the four telecom companies, 65 percent, 60 percent, 55 percent and 45 percent for Telefonica Brazil SA , Groupo Oi SA, Claro and Tim Participacoes SA, respectively.

Removing and replacing Huawei devices with those made by Ericsson, Nokia or Samsung would take a lot of costs and delay 5G distribution. This explains why the telecoms companies were facing legal action if Bolsonaro continued to ban telecoms equipment made in China. Moreover, there is no guarantee that the national security of Brazil will not be violated by the use of Ericsson, Nokia and Samsung equipment as some of the products of these companies are exported in China or abroad. integration in the same ecosystem.

Tourists walk alongside the statue of Brigitte Bardot in Buzios, Brazil, after Rio de Janeiro State Justice decided to postpone the closure of the city due to an increase in COVID-19 cases, December 18, 2020 . / Getty

Tourists walk alongside the statue of Brigitte Bardot in Buzios, Brazil, after Rio de Janeiro State Justice decided to postpone the closure of the city due to an increase in COVID-19 cases, December 18, 2020 . / Getty

Similarly, if not more importantly, Huawei’s ban would undermine Brazil’s prospects as the company’s 5G equipment facilitates the rapid collection and dissemination of information. For example, Reuters reported that the Chinese company’s equipment increased farm production due to its “high-speed broadband communications and real-time cloud data processing,” allowing farmers to gather information on pests and crop management there. an hour compared to three days without Huawei 5G.

Applying the same logic would prevent Huawei from harming the Brazilian economy. The rapid collection and dissemination of information is essential for making business decisions in a timely manner and in an increasingly competitive world. It is important that businesses know as soon as possible about consumer preferences, enabling them to produce and distribute their products in a timely and efficient manner.

It is probably for these reasons that many Brazilian politicians such as Vice President Hamilton Mauro opposed the Huawei ban, especially when the decision was made for some reason nothing but “idolizing” Donald Trump. It was reported that Bolsonaro visited Trump several times and that the U.S. president’s draft republic is in his opinion.

By banning Chinese COVID-19 vaccines with the lame excuse, since the virus would be “originally” in China, they would be “unreliable,” Bolsonaro could further endanger the economy and more take people’s lives. In fact, the British newspaper The Guardian reported on 13 December that the local news portal Folha de São Paulo was accusing Bolsonaro of “homicidal negligence,” the government ignoring the people and leaving them to dying for ideological and personal biases.

Brazilian national Natalia Pasternak, founder of the Question Science Institute, also said the president boycotted CoronaVac, the Chinese vaccine “absurd.” One reason would be that, if not directly, the Oxford-AstraZeneca vaccine would be largely unreliable to cover the surging death rate because 100 million doses have been offered, it is not enough to give the vaccine of more than 212 million, especially when two doses are needed. either recommended or required.

The fact of the matter is that Brazil needs help from China to pull out of the economic doldrums of the old one and take control of COVID-19. Export opportunities to the West, India and Japan are imminent as their deceptive economies are exacerbated by the surge in infectious and dying numbers, forcing these markets to lock in. harder and take longer.

China, on the other hand, is the only major economy expected to record over 2 percent and 8 percent growth in 2020 and 2021, respectively, due to its early economic reopening, incentive packages and a “double circulation” strategy.

It wants to increase domestic demand through urbanization and infrastructure investment and will urge China to import large quantities of food and other natural resources over the next five years and beyond.

Building new cities and high-speed trains requires a lot of steel, so a large iron ore, for example, has to be installed.

Moving tens of millions of people from the country to cities needs more food from abroad to account for another export outlook for countries like Brazil to take advantage of.

Against this backdrop, Bolsonaro’s loyalty to Trump and ideological or personal biases of “Brazil” could burn, taking his political fortune with him. The Brazilian president only has a 37 percent approval rate, after all.

Now that Trump is on his way out of the White House, Bolsonaro should work with China to advance Brazil’s national interests. Biting the hand that feeds you, on the other hand, just leads to an economic catastrophe; just ask Australian Prime Minister Scott Morris. Moreover, China did nothing for Brazil except to help it develop.

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