The New Development Bank (ndb) as a mission-oriented institution for just ecological transitions : a case study approach to BRICS sustainable infrastructure investment

Braga, João Pedro; Conti, Bruno De; Magacho, Guilherme

doi:10.38116/rtm29art5

Cited by 7 publications

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“…This initiative, cantered in Zhejiang Province, China, emphasizes low-carbon efforts, energy efficiency, and sustainable development, thereby contributing to the realization of UN Sustainable Development Goals 9 and 11, focused on fostering resilient infrastructure and safe human settlements. Similarly, in Brazil, the Banco de Desenvolvimento de Minas Gerais S.A (BDMG) secured a US$ 200 million loan from the NDB for the BDMG Infrastructure and Sustainable Development Financing Project (Braga et al 2022). This initiative, approved in March 2023, aims to bolster investments in smaller municipalities, reduce greenhouse gas emissions, and enhance social infrastructure sectors and clean energy endeavours.…”

Section: The Brics In Global Financial and Security Governancementioning

confidence: 99%

BRICS as a Catalyst for Global Governance Transformation: Beyond Western Perceptions

Yanano Mangani

2024

Vestnik MGIMO-universiteta

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Scholarship on global political economy and global peace and security governance often depicts BRICS members as emerging powers with relatively limited experience in international leadership. These depictions underscore their contested regional leadership and ambiguous institutional, political, ideological, and socio-economic capacities to influence and reshape the global governance system. However, this article challenges some of these characterizations of BRICS members as inaccurate and rooted in Western exceptionalism. Employing a qualitative secondary research approach, it aims to analyze the role of BRICS as a new model for global governance by examining key institutional and political initiatives undertaken by the bloc, as well as by each of its member states.The analysis reveals that institutional initiatives such as the New Development Bank (NDB) demonstrate the BRICS’ capacity to deploy a combination of hard and soft power tools, thereby contributing to the emergence of multipolarity in the global governance architecture. These initiatives have exposed the world's developing regions to new experiences, resources, and understandings of the priorities of emerging powers. Furthermore, political responses to crises, such as turmoil in Zimbabwe, Libya, and Mali, as well as nuclear issues in Iran, where BRICS members have assumed mediatory, supportive, or leading roles, have sparked renewed interest in understanding BRICS as an alternative to traditional conceptions of global peace and security governance. Significantly, BRICS’ soft power diplomacy plays a pivotal role in projecting the bloc as an advocate of alternative global governance architecture and in dispelling negative perceptions. This objective is achieved through the BRICS’ transformative agenda, which offers alternative pathways for attaining international public goods in developing regions with shared historical and ideological affinities.

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Section: The Brics In Global Financial and Security Governancementioning

confidence: 99%

BRICS as a Catalyst for Global Governance Transformation: Beyond Western Perceptions

Yanano Mangani

2024

Vestnik MGIMO-universiteta

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“…Institutions like the New Development Bank (NDB) established by BRICS countries provide an alternative source of financing for infrastructure and development projects (Braga et al, 2022.). This allows them to influence development priorities in emerging economies (Hooijmaaijers, 2022.)…”

Section: Development Banksmentioning

confidence: 99%

Global Inequality: Will The Inequality Among the Brics Nations Hinder Manoeuvring the Global Economy

Dorasamy,

Kikasu

2024

Intl. J. Rel.

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The BRICS countries: Brazil, Russia, India, China, and South Africa, including Ethiopia, Egypt, Argentina, and Saudi Arabia are emerging as key players in the global economy with significant economic growth and influence on the world stage. However, despite their economic strength, global inequality remains a pressing issue, with disparities in income, wealth, and development persisting around the BRICS bloc and the rest of the world. The BRICS countries are seen as a comforting alternative and emerging force that can play a significant role in addressing global inequality, applying collaboration to help find solutions for challenges facing the global South, and steering the global economy towards more inclusive and sustainable growth. They represent a diverse group of economies with a combined population of over 3 billion people and a significant share of the global GDP. By working together, the BRICS countries have the potential to leverage their collective strength and influence to drive positive change on a global scale. One of the key ways in which the BRICS nations can help address global inequality is through promoting inclusive economic growth and development. This includes investing in education, healthcare, infrastructure, and social safety nets to ensure that all members of society have the opportunity to benefit from economic growth. The BRICS nations are also working together to address issues such as trade barriers, financial regulation, and infrastructure development to create a more level playing field for all countries. Additionally, the BRICS nations are investing efforts using their influence to advocate for reforms in global governance institutions such as the IMF, World Bank, and WTO to ensure that the interests of developing countries are better represented and that there is greater transparency and accountability in the global economic system. While this effort seems to be significant for the Global South, there are still many challenges that must be addressed to achieve more equal and inclusive global economic growth. However, it is expected that by working together and leveraging their collective strength, the BRICS nations have the potential to play a significant role in steering the global economy towards a more equitable and sustainable future. This paper examines perspectives on how the BRICS countries could succeed in steering the global economy. Various literature and research work of eminent experts were explored to understand better the influence of the BRICS countries in driving positive and dynamic change on a global scale, as well as efforts to address global inequality.

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2024

CWE

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The New Development Bank (ndb) as a mission-oriented institution for just ecological transitions : a case study approach to BRICS sustainable infrastructure investment

Cited by 7 publications

References 0 publications

BRICS as a Catalyst for Global Governance Transformation: Beyond Western Perceptions

BRICS as a Catalyst for Global Governance Transformation: Beyond Western Perceptions

Global Inequality: Will The Inequality Among the Brics Nations Hinder Manoeuvring the Global Economy

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