Fernando Haddad on Brazil’s Place in Global Capitalism

Positioned between major power blocs, Brazil sits at the center of debates on geopolitics, development, and the green transition. In an interview, left-wing finance minister Fernando Haddad assesses domestic political trends and Brazil’s place in the global economy.

As the world’s seventh largest economy, poised between Western and Eastern power blocs, Brazil is at the forefront of contemporary debates on geopolitics, development, and the green transition. Its political landscape remains dominated by the clash between the left-pragmatism of the ruling Workers’ Party (PT) and the right-populism of bolsonarismo: the former attempting to establish a more equitable growth model under constrained conditions, the latter reactivating some of the darkest elements of the country’s authoritarian pa