Uma nova arquitetura financeira global: O Novo Banco de Desenvolvimento e o potencial econômico para o bloco BRICS

Abstract

The dynamics of the global financial architecture undergo transformations driven by the rise of the BRICS (Brazil, Russia, India, China, and South Africa) as key actors in the international arena. A notable initiative is the New Development Bank (NDB), established in 2012. This study explores the influence of the NDB on strengthening the BRICS in the global economy. The NDB is seen as an alternative to traditional models, promoting sustainable development and cooperation among member countries. The establishment of the NDB reflects the quest for more equitable representation in international financial institutions and possibly an alternative to the American hegemony. The research employs methods such as literature review, document analysis, and quantitative analysis to understand the impact of the NDB. The institution represents an opportunity for emerging countries to promote their interests and challenge the dominance of traditional powers. However, it faces challenges such as economic asymmetry within the BRICS group, especially concerning China. Despite its transformative potential, the NDB still needs to overcome obstacles such as transparency, governance, and competitiveness concerning existing multilateral banks to solidify its role in the new global financial architecture.