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The Brazilian role in the constitution and initial operations of the Bank of the South and BRICS bank

Grant number: 17/14275-2
Support type:Scholarships in Brazil - Scientific Initiation
Effective date (Start): September 01, 2017
Effective date (End): August 31, 2018
Field of knowledge:Applied Social Sciences - Economics - International Economy
Principal researcher:André Martins Biancarelli
Grantee:Nicole Mourad Pereira
Home Institution: Instituto de Economia (IE). Universidade Estadual de Campinas (UNICAMP). Campinas , SP, Brazil

Abstract

In a context of strong international economic asymmetries, developing countries find in the financial cooperation a way to face the difficulties coming from the globalization. Development Banks are one of the alternatives of cooperation, acting in an adapted manner to the necessities of economic convergence and infrastructures of a particular economic region. South America is the economic region covered by the Bank of the South, while the BRICS Bank (or New Development Bank) has the feature of being inter-regional, embracing the economic regions of the countries-members (Brazil, Russia, India, China and South Africa). Both banks are in the process of constitution or initial operations. The Brazilian role as part of both banks is the object of the present research and it will be characterized considering Brazil as protagonist in South America, its participation in the BRICS and its internal changes in the economic-political cenary between the period of 2006 (beginning of the prioritization of the South-South relation) and 2016 (period of changes in the economic and international Brazilian trend). (AU)