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No More Odebrechts: Three Steps to Reduce Graft in Latin America

By Oliver Stuenkel

The Lava Jato investigation is an opportunity to prove that the rule of law is spreading in Brazil - and the region.

The revelations of years of immense and systemic bribe payments to policymakers across Latin America by engineering and construction conglomerate Odebrecht are an unmitigated disaster for Brazil – and its foreign policy of the last decade and a half.

The internationalization of Brazilian capitalism – that is, the government’s strategy of boosting Brazil’s influence by supporting the activities of its large companies abroad – was a key pillar of regional foreign policy starting in the mid-2000s. This policy allowed Brazil not only to achieve unprecedented visibility and access from...

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