Looking into the major financial crises the world has faced up to now, the major reasons that can be identified are: un-securitization of the primary commodities and lack of mutual cooperation among the developed and undeveloped region in the world. There used to be G-8 upto few years back which has upgraded to G-20, which means that the cooperation has been increasing and there are countries approaching the group of developed countries in the globe. But then, there always remained a problem of huge gap between the developed and undeveloped region due to lack of sufficient look-over to the undeveloped region by the developed one. Long back, this was the reason why Third World Nations concept came into existence and then BRICS (Brazil, Russia, India, China and South Africa) was formed and is coming up strongly.

In the current scenario, Brazil and China are two major countries with most of the trades of primary commodities and their raw materials and can make a huge impact on the overall global economy. This influential drive is the result of the economic cooperation group they have formed. And add to that, Brazil and China have signed a currency swap deal among their central banks in order to fight back the economic crisis, if any. This is their preventive measure taken which can protect them from getting infected of the crisis syndrome. The currency swap deal totals the amount of 190 billion Yuan or 60 billion real which is equivalent to $30 billion or £ 20 billion. It is yet to see how USA reacts to this deal as it is almost certain that the US economy may get negative shock due to this deal.

China is the biggest debtor to the United States of America and she is also the biggest trading partner of Brazil, and with this currency swap deal- they are sure to enhance their trade scenario, bilateral trade scenario irrespective of the other strong economies in the world. "If there were shocks to the global financial market, with credit running short, we'd have credit from our biggest international partner, so there would be no interruption of trade," said Guido Mantega, Brazil's economy minister.

The trade between China and Brazil has increased by almost a 1019 percent since 2003 to 2012. The major portion of the growth driven by Chinese demand for Brazilian resources like iron ore, soy products, etc. Brazil has become key market for the Chinese production also. The governor of the central bank in Brazil also believes that this deal will definitely ensure their safeguard from any economic crisis in the long run.