Second, in the international arena, both Erdoğan and Bolsonaro implement nationalist policies that are economically outward-oriented, but their conception of the role of the state in development and their interpretive frameworks of the world order Whatsapp Mobile Number List are very different. Bolsonaro and his Economy Minister Paulo Guedes do not seem to have learned the lessons of the 2008 global financial crisis, and even in the current context of the pandemic, they promote a neoliberal vision of relations between the State and the market. What's more,USA, is rooted in the defense of Christianity and in what Araújo describes as the true values of Western societies.
Erdoğan, on the other hand, implements regulation and development policies more in line with a model of state capitalism. As Mustafa Kutlay states, "Turkish Whatsapp Mobile Number List political economy in the last decade seems to be turning towards a Whatsapp Mobile Number List with implications in relation to the configuration of domestic institutions"18. This could represent a profound change in Turkey's trajectory, given that until very recently liberal ideas dominated political and economic thought. Although governments practiced some interventionism in the 1960s and 1970s, the Washington Consensus was highly influential in Turkish politics between the 1980s and the first decade of the 21st century .
In Brazil, international trade is more diversified. In addition, today the country is the ninth recipient of FDI in the world in terms of income (the seventh in 2018), and the first in Latin America and the Caribbean. FDI stocks reached $ 640 billion at the end of 2019, when investors were mainly attracted by the oil and gas extraction and electricity industries. China increased Whatsapp Mobile Number List investment capacity in Brazil during the FDI boom between 2009 and 2011. Between 2005 and 2019, Chinese companies invested 131.1 billion dollars in Latin America and the Caribbean, which represented around 10.7% of all ied _China. Of this figure, only Brazil received 60.4 billion dollars, almost half of all Chinese FDI in the region between 2005 and 2019twenty.