The BRICS and the Financing Mechanisms They Created

The BRICS and the Financing Mechanisms They Created
Author :
Publisher : Anthem Press
Total Pages : 110
Release :
ISBN-10 : 9781839982088
ISBN-13 : 183998208X
Rating : 4/5 (08X Downloads)

Book Synopsis The BRICS and the Financing Mechanisms They Created by : Paulo Nogueira Batista Jr.

Download or read book The BRICS and the Financing Mechanisms They Created written by Paulo Nogueira Batista Jr. and published by Anthem Press. This book was released on 2021-10-12 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides an assessment of BRICS cooperation, focusing on the new financing mechanisms created by the BRICS, the monetary fund and the development bank. It is shown that Brazil, Russia, India and China, joined later by South Africa, share common traits that led them to cooperate in the reform of the international financial architecture, especially the G20 and the IMF. After 2012, in light of the difficulty of having advanced countries agree to move from “tinkering at the margins” to fundamental reform of the Bretton Woods institutions, the BRICS decided to establish their own monetary fund, named the BRICS Contingent Reserve Arrangement (CRA), and their own development bank, named the New Development Bank (NDB). The book describes the difficult negotiations among the BRICS between 2012 and 2014. Some of these difficulties revealed the weaknesses that would lead the CRA and the NDB to make slow progress in the first years of their existence. The book provides an overview of the strong points and weaknesses of the initial phase of these financing mechanisms. It ends with a discussion of the future of the BRICS, highlighting that joint action by the five countries is likely to remain an important feature of the international landscape in the decades to come.


The BRICS and the Financing Mechanisms They Created Related Books

The BRICS and the Financing Mechanisms They Created
Language: en
Pages: 110
Authors: Paulo Nogueira Batista Jr.
Categories: Business & Economics
Type: BOOK - Published: 2021-10-12 - Publisher: Anthem Press

GET EBOOK

The book provides an assessment of BRICS cooperation, focusing on the new financing mechanisms created by the BRICS, the monetary fund and the development bank.
The BRICS in International Development
Language: en
Pages: 268
Authors: Jing Gu
Categories: Political Science
Type: BOOK - Published: 2016-09-29 - Publisher: Springer

GET EBOOK

This book offers a comprehensive comparative perspective on the increasingly significant development cooperation activities of the BRICS. Providing a powerful s
BRICS and Development Alternatives
Language: en
Pages: 223
Authors: José Eduardo Cassiolato
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: Anthem Press

GET EBOOK

The BRICS countries (Brazil, Russia, India, China and South Africa) are currently at the crossroads of major structural economic and political changes. This boo
Inequality and Development Challenges
Language: en
Pages: 238
Authors: Maria Clara Couto Soares
Categories: Business & Economics
Type: BOOK - Published: 2018-10-24 - Publisher: Taylor & Francis

GET EBOOK

This series of books brings together results of an extensive research programme on aspects of the national systems of innovation (NSI) in the five BRICS countri
The BRICS and the Future of Global Order
Language: en
Pages: 273
Authors: Oliver Stuenkel
Categories: Political Science
Type: BOOK - Published: 2020-02-03 - Publisher: Rowman & Littlefield

GET EBOOK

The transformation of the BRIC acronym from an investment term into a household name of international politics and into a semi-institutionalized political outfi