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Brazil has a new president - Luiz Inacio Lula da Silva, beating the far-right incumbent Jair Bolsonaro. World leaders rushed to congratulate the new president.

Brazil has a new president - Luiz Inacio Lula da Silva, beating the far-right incumbent Jair Bolsonaro. World leaders rushed to congratulate the new president. US President Biden said that elections were free, fair and credible.

Note: Luiz Inacio Lula da Silva is a leftist, the former president was right-wing leaning.

Provide analysis on what this victory means for the current liberal world order and its impact on global trade, bearing in mind the powerful BRICS alliance:

  1. Assess its competitive advantage
  2. Compare/contrast the vows of the current President with the policies of the previous president

Attach citation and reference list.

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