Subject. As the global economy currently evolves during the emergence of the multipolar world, emerging countries strive to diversify their foreign trade and gradually escape the strict impact of the leading economies. In the multipolar world countries need their economic policies to ensure the national economic security. Objectives. I examine the foreign trade in some countries of Latin America and economic alliances there. I also evaluate trends in the development of export and import indicators of Brazil, trace the trajectory of their further development by country. Methods. In this study, I analyze documents in public domain, including statistical data on exports and imports of Brazil with reference to the USA, China, Russia, Germany, France, Argentina, Uruguay and Paraguay. The study is based on the systems approach, comparative and statistical methods of data research. Results. Nowadays, in the current economic situation worldwide the multipolar order gains momentum. Foreign trade is being actively diversified by those countries that fall into geopolitical pursuits of leading economies. Conclusions and Relevance. Diversifying the foreign trade and adhering to the multi-faceted economic policy, countries will ensure their economic security notwithstanding the multipolar world order. Currently, the Latin American countries take much effort to diversify their foreign trade, though they are strongly influenced by the USA as an area of their geopolitical ambitions. I should mention a growing importance of China in areas of someone else's geopolitical interest.
Keywords: economic policy, economic security, international economic relations, world economy, foreign trade diversification
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