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The new development banks: conflicting independence or strategic partnerships?

Author

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  • Renato Baumann

Abstract

The creation of two new development banks – the NDB and the AIIB – has motivated a debate as to whether they will affect the working of the existing development banks, and to whether they will contribute do foster economic development in low income countries. This article shows some differences between the two new institutions, present some estimate of their potential growth in the near future and argues that it is very likely that the two banks will – for both technical and financial reasons – work together with the existing development banks, rather than compete with them. JEL Classification: E22; F21; F43; F53; F55; G24.

Suggested Citation

  • Renato Baumann, 2017. "The new development banks: conflicting independence or strategic partnerships?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(2), pages 287-303.
    • Handle: RePEc:ekm:repojs:v:37:y:2017:i:2:p:287-303:id:133
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    More about this item

    Keywords

    Development banks; infrastructure; BRICS; AIIB;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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