Sputnik discussed this with Professor Mark Langevin, Director of the Brazil Initiative and Research Professor at George Washington University — Elliot School of International Affairs. Sputnik: What does Jair Bolsonaro’s victory mean for the fourth largest democracy in the world Mark Langevin: It’s a pretty remarkable political realignment from center-left social democratic center gravity to a more of a right-wing, that many of us call conservative, nationalist center of gravity. Now you have a clear majority in Congress, you have a president-elect who is looking towards a government that’s somehow going to symbolically enforce more conservative social values and at the same time adopt market-friendly policies. READ MORE: Trump Discusses Trade and Military Cooperation With Brazil’s President-Elect Sputnik: What do you think will be the first changes that we will see in domestic policy and how dramatic do you think that they will be? Mark Langevin: Proposed Minister of the economy Paulo Guedes mentioned that he was going to eliminate the budget deficit in one year; that’s a huge goal, one that he would probably step back away from in the coming weeks. Clearly, the government has committed to engaging in some form of fiscal adjustment that would rapidly cut expenditures. So, we’re really looking at a social security reform in a coming year; and that’s always been a very difficult reform for the Brazilian Congress to adopt. Sputnik:… Read full this story
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