The Evolving Energy Relations Between US And Brazil
Law360, New York (December 7, 2011, 1:29 PM EST) -- Brazil is currently the eighth-largest economy in the world and is poised to become the fifth-largest economy in the next few years, surpassing both Great Britain and France. This is remarkable for a country which, in 2002, had to obtain a loan from the International Monetary Fund to avoid default on its debts.
Though Brazil’s rise as an economic power appears swift, it is the result of years of careful planning on every level, particularly as regards energy policy.
Recent meetings between President Barack Obama and...