scholarly journals The rise of BRICS development finance institutions: A comprehensive look into the New Development Bank and the Contingency Reserve Arrangement

2016 ◽  
Vol 0 (3) ◽  
Author(s):  
Adrino Mazenda ◽  
Ronney Ncwadi
Keyword(s):  
Development Bank ◽  
Development Finance ◽  
New Development

scholarly journals The structural power of the BRICS (Brazil, Russia, India, China and South Africa) in multilateral development finance: A case study of the New Development Bank

2021 ◽  
pp. 019251212110482
Author(s):  
Niall Duggan ◽  
Juan Carlos Ladines Azalia ◽  
Marek Rewizorski
Keyword(s):  
South Africa ◽  
Global Governance ◽  
International Political Economy ◽  
World Order ◽  
Development Bank ◽  
Structural Power ◽  
Development Finance ◽  
New Development

The emergence of the BRICS (Brazil, Russia, India, China and South Africa) as an alternative force to the West has ignited a debate within the discipline of international political economy on the nature of the group’s rise. Global governance scholars either debate the role of the BRICS in transforming the world order (playing the game) or focus on the domestic sources of the BRICS nations’ preference formation (the position of states within the game). This article goes beyond the game-versus-player debate, by focusing on the structural power of the BRICS to ‘change the rules of the game’. The article investigates how the BRICS-created New Development Bank as an alternative circuit for actors to exchange goods in the area of development finance has been integrated into global governance. The article argues that the New Development Bank does not grant the BRICS the structural power needed to change the rules and norms that underpin the game.

Role of New Development Bank and Food Security in the BRICS Countries

2018 ◽  
Vol 27 (2) ◽  
pp. 45-57
Author(s):  
Pintu Kumar ◽  
Prahlad Kumar Bairwa
Keyword(s):  
Food Security ◽  
Development Bank ◽  
Brics Countries ◽  
New Development

Building new development finance institutions instead of remodelling existing ones

2001 ◽  
Vol 12 (2) ◽  
pp. 32-43 ◽  
Author(s):  
Reinhard Schmidt ◽  
Claus-Peter Zeeitinnger
Keyword(s):  
Development Finance ◽  
New Development

Alternative Financial Integration to Stimulate National Competitiveness

2018 ◽  
pp. 162-179
Author(s):  
Tatiana Podolskaya
Keyword(s):  
Financial Institutions ◽  
Financial Integration ◽  
Development Bank ◽  
Global Competitiveness ◽  
Brics Countries ◽  
National Competitiveness ◽  
The World Bank ◽  
New Development ◽  
Potential Competitor

The BRICS nations (Brazil, Russia, India, China, and South Africa) actively joined in process of transformation of institutes of global financial market's management, having created New Development Bank. This institute according to most of analysts can be considered as potential competitor of the World Bank and as one of elements of so-called system of “parallel institutes”, which as required can become replacement American-centered system of international financial institutions. Progress of newly created New Development Bank in- much will depend on that economic power which will characterize BRICS economies. And a key condition of long-term stable economic growth is availability of global advantages of the BRICS countries. This article is devoted to the analysis of changes BRICS global competitiveness factors.

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