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  • President Dilma Rousseff

    As Fed Tapers, More Central Bank Independence Needed

    This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and the International Monetary Fund. Discussions of monetary policy normalization are leading this year’s expansive schedule. One notable item missing from the agenda is discussion of … More

    Brazil’s Internet: A Showdown of Ends and Means

    Brazil’s President Dilma Rousseff wants to free Brazil’s Internet access from U.S. domination. Rousseff and the Brazilian government seek to accomplish this “cyber sovereignty” by strong-arming U.S. companies into establishing local data centers, laying a new fiber-optic link from Brazil through South Africa to Asia, and partnering with Russia on … More

    Brazil Turns Away from Capital Controls

    Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into … More

    Brazil’s Corruption Holds Back Economic Freedom

    Fresh charges of corruption are shaking up the Workers Party of Brazilian President Dilma Rousseff, as The Wall Street Journal reported last week. Reforms are long overdue. The most recent “Rosegate” scandal stems from official charges brought by the Federal Police (Brazil’s version of the FBI) after an investigation of … More

    Presidents Obama and Rousseff Meet: Power Talk, but Little Purpose

    Americans looked to President Obama to set a bold and decisive course when he huddled yesterday with Brazil’s President Dilma Rousseff. There are critical issues on the table: Iran, the future of democracy in the Americas, free trade, energy security, and the fight against organized crime. Regrettably, serious discussion of … More