Globalization and Development in Brazil

Capitalism has imposed a single model of civilization on far-flung parts of the world and on a variety of nations. Marx and Engels asserted in 1847 (Marx and Engels, 1981) that the bourgeoisie would use the powerful weapon of trade to mold the world in its own image. After two bloody world wars, in which the great powers fought over territories and increased their military complexes, new power blocks emerged. The United States and the USSR vied for hegemony, and international organizations such as the World Bank and the International Monetary Fund (IMF) played a decisive role in favor of American imperialism. In Latin America, the paradigm of national development prevailed in the discourse and actions of populist regimes, while that of modernization was the basis of the policies of the military dictatorships. In recent years, the efforts of their neoliberal successor governments have been directed toward integrating local economies into what is called globalization. The various versions of this process share the premise of a rapid change in the relationships between the different countries of the world as a result of technological change, the market, and the activities of multinational corporations and international organizations. But capitalism has always been a worldwide system and one in a state of constant flux. It has become truly universal, with the logic of accumulation, commodification, maximization of profit, and competition involving all economic actors and aspects of human life and of the environment

Business · Capitalism · Commodification · Democracy · Development economics · Dictatorship · Economic growth · Economic system · Economics · Economy · Globalization · Hegemony · Market economy · Modernization theory · Political economy · Political science · Politics · Profit motive · Brazilian History and Foreign Policy · Economic Theory and Policy · International Development and Aid · Law

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