But the outsiders have been stymied. Brazil, generally one of Latin America's most investment-friendly countries, is now boosting the state's role in developing its vast new oil reserves. And it's doing so with help from China, which has recently provided Petrobas with a massive loan, making the old
The four countries have also stated that they will study the possibility of using local currencies in international trade as an alternative to the US dollar. There is common understanding that the financial crises last year made it clear that emerging markets have a more important role to play in de