Opinions
BRICS New Development Bank: A Second Bretton Woods or a New Trend with its Own Future?
The main institutions of the Bretton Woods system, which have existed since the Second World War, are rapidly losing their economic weight. At this time, key actors in the developing world are coming to the fore, calling into question the out-dated rules of the game, including the hegemony of the West. Instead of destroying the legacy of the last century, they offer an alternative economic system where each player is able to influence important decisions at the international level.