The BRICS’ New Development Bank and the EU’s options
By Balazs Ujvari (2016-04-19)
Following decades of unchallenged Western dominance, the global governance system is currently being reshaped. Key emerging powers led by China have set out to increase their influence in global – economic – governance. This Policy Brief assesses the challenge that the BRICS-led New Development Bank (NDB) poses to the European Union (EU) in the field of development policy and identifies ways in which the EU could respond to this challenge.
Published as CEPOB #7.16
(Photo credit: Wikipedia)