The politics of investment in the Americas: Canada, Brazil, and the (Post-)Neoliberal State
Since Canada's 2007 decision to re-engage the Americas, Canadian policy-makers have been increasingly preoccupied with Brazil. As an emerging global power with a burgeoning domestic market, Brazil is central to Canada's efforts to expand investment interests in Latin America. With the election of the Worker's Party in 2002, Brazil moved in a post-neoliberal direction, extending social coverage through government intervention and strengthening intraregional relations. Canada, meanwhile, continues to advance neoliberal prescriptions in its relations abroad, exemplified by the investment rules it champions to secure opportunities for Canadian business. In this paper, we examine how these countries' foreign investment strategies reflect different domestic sociopolitical contexts. We contend that this is a necessary first step to understanding some of the implications of these strategies in the context of shifting politics in the Americas, and especially for Brazilian–Canadian relations. In particular, Brazil's hesitancy to deepen relations with Canada may be indicative of the increasing irrelevance of Canada's approach in the Americas, where investment approaches are contested and multiple. Exploring the politics of foreign investment in the Americas contributes to understandings of how domestic political-economic contexts impact foreign policy and how neoliberal/post-neoliberal states interact in regional contexts.
|Keywords||Brazil, Canada, foreign investment policy, neoliberalism, post-neoliberalism|
|Journal||Canadian Foreign Policy Journal|
Calvert, J. (Julia), & Pickup, M. (Megan). (2016). The politics of investment in the Americas: Canada, Brazil, and the (Post-)Neoliberal State. Canadian Foreign Policy Journal, 22(2), 199–216. doi:10.1080/11926422.2015.1052826