Brazil’s pragmatic equidistance: hedging and the Second World War

IF 1.5 3区 社会学 Q2 INTERNATIONAL RELATIONS
Mateus Bilhar, Zhaoying Han, Maximilian Ohle, Richard J. Cook
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引用次数: 0

Abstract

Can hedging be applied to non-Asia-Pacific regions and historical contexts? And, to what extent did Brazil operationalize hedging behavior during the Second World War? Taking these questions, the purpose of this paper is to expand the discourse on hedging twofold: First, to employ it within a South American context; second, to verify hedging historically as a widespread strategic unit-level behavior of small and middle powers amid systemic-level great power competitions. Here, by unboxing Brazil’s hedging behavior during the Second World War, specifically President Getúlio Vargas’s ‘ equidistância pragmática’ (pragmatic equidistance) coping strategy, it is found that Brazil employed hedging behavior with omnidirectional engagement with both the United States and Nazi Germany, yet later abandoned this strategy to fully align with Washington and the Allies in 1942, once Brazilian security and economic interests were aligned.
巴西的实用等距:套期保值与第二次世界大战
套期保值能否适用于非亚太地区和历史背景?巴西在第二次世界大战期间的套期保值行为在多大程度上具有可操作性?带着这些问题,本文旨在从两个方面扩展关于套期保值的讨论:首先,在南美背景下使用;其次,从历史上验证对冲是中小强国在系统层面的大国竞争中普遍存在的战略单位层面的行为。在此,通过对巴西在第二次世界大战期间的套期保值行为,特别是热图利奥-瓦加斯总统的 "务实等距"(equidistância pragmática)应对策略进行解构,我们发现巴西在与美国和纳粹德国进行全方位接触时采用了套期保值行为,但后来在 1942 年巴西的安全和经济利益趋于一致后,巴西放弃了这一策略,完全与华盛顿和盟国保持一致。
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来源期刊
International Relations
International Relations INTERNATIONAL RELATIONS-
CiteScore
3.20
自引率
6.20%
发文量
35
期刊介绍: International Relations is explicitly pluralist in outlook. Editorial policy favours variety in both subject-matter and method, at a time when so many academic journals are increasingly specialised in scope, and sectarian in approach. We welcome articles or proposals from all perspectives and on all subjects pertaining to international relations: law, economics, ethics, strategy, philosophy, culture, environment, and so on, in addition to more mainstream conceptual work and policy analysis. We believe that such pluralism is in great demand by the academic and policy communities and the interested public.
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