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2008 Sonrası: BRICS ve Yeni Kalkınma Bankası Küresel Ekonomik Yönetişimi Nasıl Yeniden Şekillendiriyor?

Year 2025, Volume: 11 Issue: 2, 5 - 15, 11.10.2025

Abstract

Bu çalışmanın amacı BRICS ve NDB'nin küresel ekonomik yönetişimi yeniden şekillendirmedeki rolünü açıklamaktır. BRICS ve NDB, Batı merkezli kurumlara karşı alternatif kurumlar olarak ortaya çıkmıştır. BRICS ülkelerinin eylemlerinin arkasındaki nedenleri anlayabilmek için tarihsel süreç süreci takip etmeye yardımcı olacaktır. Bu bağlamda Eleştirel Teori, BRICS ülkeleri tarafından gerçekleştirilen eylemlerin nedenlerini açıklığa kavuşturacaktır. Dahası, BRICS’in küresel manzarayı yeniden şekillendirmedeki rolleri, 2008'den sonraki iç ticaret ve yatırım girişimleri ve COVID-19 girişimleri ve yanıtları da açıklanmaktadır. Eşitsiz ve birleşik kalkınma ve Güney-Güney iş birliği kavramları, rollerin analizini destekleyecek ve derinleştirecektir. Ayrıca çalışma, BRICS'in Batı merkezli ekonomik düzen ve baskıya karşı önemli bir aktör olarak ortaya çıkmasının küresel ekonomideki güç dengesini değiştirdiğini ve ülkelere daha verimli ve iş birlikçi bir mekanizma sunarak daha çekici hale geldiğini ortaya koymaktadır. Makale, Güney-Güney işbirliğinin kurumsal ifadeleri olarak BRICS ve NDB'nin, alternatif kalkınma odaklı kavramlar, ulusal egemenliğe saygı ve çok kutupluluk yoluyla 2008 sonrası küresel finans düzenindeki neoliberal normlara ve güç eşitsizliklerine meydan okuduğunu varsaymaktadır. Bu çalışma küresel finansal yönetişimde dönüşüm tartışmalarına eleştirel teorik perspektif, güney- güney işbirliği ve eşitsiz ve birleşik kalkınma perspektifinden bütüncül bir bakış açısı sağlayarak literatüre katkı sağlamayı amaçlamaktadır.

References

  • Evaluation Report finds 400 million people benefited from NDB’s USD 10 billion COVID-19 Emergency Financing—New Development.url. (n.d.).
  • Dixon, Chris. (2015). The New BRICS Bank: Challenging the International Financial Order? GPI policy paper, no.28, 1-13.
  • Hiratuka, C. (2019). Trade and Investments within BRICS. BRICS Winter School.
  • Is BRICS offering an alternative model for global governance? | East Asia Forum. (n.d.). Retrieved May 25, 2024, from https://eastasiaforum.org/2024/04/02/is-brics-offering- an- alternative-model-for-global-governance/
  • Jash, A., & Global, I. (2017). The Emerging Role of BRICS in the Changing World Order. Cinerastra Global. 6, 1-11. https://doi.org/10.6084/m9.figshare.5143222.
  • Makki, F. (2015). Reframing development theory: The significance of the idea of uneven and combined development. Theory and Society, 44(5), 471–497. https://doi.org/10.1007/s11186-015-9252-9
  • Muhr, T. (2016). Beyond ‘BRICS’: Ten theses on South–South cooperation in the twenty-first century. Third World Quarterly, 37(4), 630–648. https://doi.org/10.1080/01436597.2015.1108161 NDB, Annual Report, 2020.
  • Poyraz, M. (2019). BRICS: BİR ALTERNATİF DÜZEN ARAYIŞI MI? Süleyman Demirel Universities Vizyoner Dergisi, 10(24), 434–449. https://doi.org/10.21076/vizyoner.509625
  • Rahman, M. N., Fatima, Z., & Rahman, N. (2020). Quantitative dynamics of intra-BRICS trade. BRICS Journal of Economics, 1(4), 6–23. https://doi.org/10.38050/2712-7508- 2020-1-4-2
  • Shah, S. D. (2020). COVID-19 and fiscal response by BRICS countries. International Journal of Humanities and Social Science Research. Volume 6. Issue 5. pp. 50-54.
  • Liang, Yan. (2024). BRICS Expansion: Economic Cooperation and Implications. Retrieved May 25, 2024, from http://www.taiheglobal.org/Content/2024/02-02/1954124404.html
  • Hoffman, Mark. (1987). Critical Theory and the Inter-Paradigm Debate. Millennium – Journal of International Studies. 16 (2) 231-249. Doi: 10.1177/03058298870160022801
  • Katz, S. Stanley.(1999). The Asian Crisis, the IMF, and the Critics. Eastern Economic Journal, Fall, 1999, Vol. 25, No. 4, Symposium: Liberalization and Crisis in Developing and Transitional Economies (Fall, 1999), pp. 421-439
  • Nach, M. & Ncwadi, R. (2024) BRICS economic integration: Prospects and challenges. South African Journal of International Affairs, 31:2, 151-166, DOI: 10.1080/10220461.2024.2380676
  • Wade, R. H. (2011). Emerging World Order? From Multipolarity to Multilateralism in the G20, the World Bank, and the IMF. Politics & Society, 39(3), 347–378. https://doi.org/10.1177/0032329211415503
  • Woods, N., & Narlikar, A. (2001). Governance and the Limits of Accountability: The WTO, the IMF, and the World Bank. International Social Science Journal, 53(170), 569–583. https://doi.org/10.1111/1468-2451.00345
  • Hatipler M. & Kizel İ. (2019). Küreselleşme ve Uluslararası Ekonomik Bir Güç Olarak BRICS. March 09-10. Tekirdağ-Türkiye, (570-578).
  • Azmanova, Albena (2014). Crisis? Capitalism is Doing Very Well. How is Critical Theory? Constellations: An International Journal of Critical and Democratic Theory, 21 (3). pp. 351-365. ISSN 1351-0487.
  • Egypt, Iran, Saudi Arabia, UAE, and Ethiopia formally join BRICS - Dailynewsegypt. (n.d.).
  • Retrieved May 25, 2024, from https://www.dailynewsegypt.com/2024/01/01/egypt- iran- saudi-arabia-uae-ethiopia-formally-join-brics/
  • Abdenur, A. E. (2014). China and the BRICS Development Bank: Legitimacy and Multilateralism in South-South cooperation. IDS Bulletin, 45(4), 85–101. https://doi.org/10.1111/1759-5436.12095
  • Jones, S. G. (2015). Financing Global Development: The BRICS New Development Bank. German Development Institute. Briefing Paper.
  • Cui, W. (2016). Comparison between North-South Aid and South-South cooperation: Based on the analysis of the new development finance institutions. Journal of Shanghai Jiaotong University (Science), 21(1), 25–32. https://doi.org/10.1007/s12204-016-1695-2
  • De Castro, T. (2013). Trade among BRICS countries: Changes towards closer cooperation? Ekonomická Revue - Central European Review of Economic Issues, 16(3), 131–148. https://doi.org/10.7327/cerei.2013.09.03
  • Diko, N., & Sempijja, N. (2021). Does participation in BRICS foster South-South cooperation? Brazil, South Africa, and the Global South. Journal of Contemporary African Studies, 39(1), 151–167. https://doi.org/10.1080/02589001.2020.1837746
  • Hillebrand, Rainer. (2017). IMF and World Bank: Institutional Set-up, Criticisms and Challenges, Hochschule Fulda University of Applied Sciences, Discussion Paper No 21 2017, 1-28
  • Karaca, S. (2024). Eleştirel Teori ve Kapitalizm Eleştirisi. SDE Akademi Dergisi. Cilt 4, Sayı 1. 93-120. DOI: 10.58375/sde.1403886.

Post 2008: How BRICS and New Development Bank are Reshaping Global Economic Governance?

Year 2025, Volume: 11 Issue: 2, 5 - 15, 11.10.2025

Abstract

The purpose of this study is to explain the role of BRICS and NDB in reshaping global economic governance. The BRICS and NDB have emerged as alternative institutions against Western-based institutions. To be able to understand the reasons behind the actions of BRICS countries, the historical process will help to follow the process. In this context, Critical Theory will clarify the reasons for the actions taken by the BRICS countries. Furthermore, their roles in reshaping the global landscape are explained by their internal trade and investment initiatives after 2008 and their COVID-19 initiatives and responses. The concepts of uneven and combined development and South-South cooperation will support and deepen the analysis of the roles. Moreover, the study reveals that the emergence of BRICS as an important actor against the Western-centered economic order and pressure has changed the balance of power in the global economy and has become more attractive by offering countries a more efficient and cooperative mechanism. The paper hypothesizes that the BRICS and NDB, as institutional expressions of South-South cooperation, challenge neoliberal norms and power inequalities in the pıst-2008 global financial order through alternative development-oriented concepts, respect for national sovereignty and multipolarity. This study aims to contribute to the literature by providing a comprehensive perspective on the transformation of global financial governance through the lenses of critical theory, South-South cooperation, and the uneven and combined development framework.

References

  • Evaluation Report finds 400 million people benefited from NDB’s USD 10 billion COVID-19 Emergency Financing—New Development.url. (n.d.).
  • Dixon, Chris. (2015). The New BRICS Bank: Challenging the International Financial Order? GPI policy paper, no.28, 1-13.
  • Hiratuka, C. (2019). Trade and Investments within BRICS. BRICS Winter School.
  • Is BRICS offering an alternative model for global governance? | East Asia Forum. (n.d.). Retrieved May 25, 2024, from https://eastasiaforum.org/2024/04/02/is-brics-offering- an- alternative-model-for-global-governance/
  • Jash, A., & Global, I. (2017). The Emerging Role of BRICS in the Changing World Order. Cinerastra Global. 6, 1-11. https://doi.org/10.6084/m9.figshare.5143222.
  • Makki, F. (2015). Reframing development theory: The significance of the idea of uneven and combined development. Theory and Society, 44(5), 471–497. https://doi.org/10.1007/s11186-015-9252-9
  • Muhr, T. (2016). Beyond ‘BRICS’: Ten theses on South–South cooperation in the twenty-first century. Third World Quarterly, 37(4), 630–648. https://doi.org/10.1080/01436597.2015.1108161 NDB, Annual Report, 2020.
  • Poyraz, M. (2019). BRICS: BİR ALTERNATİF DÜZEN ARAYIŞI MI? Süleyman Demirel Universities Vizyoner Dergisi, 10(24), 434–449. https://doi.org/10.21076/vizyoner.509625
  • Rahman, M. N., Fatima, Z., & Rahman, N. (2020). Quantitative dynamics of intra-BRICS trade. BRICS Journal of Economics, 1(4), 6–23. https://doi.org/10.38050/2712-7508- 2020-1-4-2
  • Shah, S. D. (2020). COVID-19 and fiscal response by BRICS countries. International Journal of Humanities and Social Science Research. Volume 6. Issue 5. pp. 50-54.
  • Liang, Yan. (2024). BRICS Expansion: Economic Cooperation and Implications. Retrieved May 25, 2024, from http://www.taiheglobal.org/Content/2024/02-02/1954124404.html
  • Hoffman, Mark. (1987). Critical Theory and the Inter-Paradigm Debate. Millennium – Journal of International Studies. 16 (2) 231-249. Doi: 10.1177/03058298870160022801
  • Katz, S. Stanley.(1999). The Asian Crisis, the IMF, and the Critics. Eastern Economic Journal, Fall, 1999, Vol. 25, No. 4, Symposium: Liberalization and Crisis in Developing and Transitional Economies (Fall, 1999), pp. 421-439
  • Nach, M. & Ncwadi, R. (2024) BRICS economic integration: Prospects and challenges. South African Journal of International Affairs, 31:2, 151-166, DOI: 10.1080/10220461.2024.2380676
  • Wade, R. H. (2011). Emerging World Order? From Multipolarity to Multilateralism in the G20, the World Bank, and the IMF. Politics & Society, 39(3), 347–378. https://doi.org/10.1177/0032329211415503
  • Woods, N., & Narlikar, A. (2001). Governance and the Limits of Accountability: The WTO, the IMF, and the World Bank. International Social Science Journal, 53(170), 569–583. https://doi.org/10.1111/1468-2451.00345
  • Hatipler M. & Kizel İ. (2019). Küreselleşme ve Uluslararası Ekonomik Bir Güç Olarak BRICS. March 09-10. Tekirdağ-Türkiye, (570-578).
  • Azmanova, Albena (2014). Crisis? Capitalism is Doing Very Well. How is Critical Theory? Constellations: An International Journal of Critical and Democratic Theory, 21 (3). pp. 351-365. ISSN 1351-0487.
  • Egypt, Iran, Saudi Arabia, UAE, and Ethiopia formally join BRICS - Dailynewsegypt. (n.d.).
  • Retrieved May 25, 2024, from https://www.dailynewsegypt.com/2024/01/01/egypt- iran- saudi-arabia-uae-ethiopia-formally-join-brics/
  • Abdenur, A. E. (2014). China and the BRICS Development Bank: Legitimacy and Multilateralism in South-South cooperation. IDS Bulletin, 45(4), 85–101. https://doi.org/10.1111/1759-5436.12095
  • Jones, S. G. (2015). Financing Global Development: The BRICS New Development Bank. German Development Institute. Briefing Paper.
  • Cui, W. (2016). Comparison between North-South Aid and South-South cooperation: Based on the analysis of the new development finance institutions. Journal of Shanghai Jiaotong University (Science), 21(1), 25–32. https://doi.org/10.1007/s12204-016-1695-2
  • De Castro, T. (2013). Trade among BRICS countries: Changes towards closer cooperation? Ekonomická Revue - Central European Review of Economic Issues, 16(3), 131–148. https://doi.org/10.7327/cerei.2013.09.03
  • Diko, N., & Sempijja, N. (2021). Does participation in BRICS foster South-South cooperation? Brazil, South Africa, and the Global South. Journal of Contemporary African Studies, 39(1), 151–167. https://doi.org/10.1080/02589001.2020.1837746
  • Hillebrand, Rainer. (2017). IMF and World Bank: Institutional Set-up, Criticisms and Challenges, Hochschule Fulda University of Applied Sciences, Discussion Paper No 21 2017, 1-28
  • Karaca, S. (2024). Eleştirel Teori ve Kapitalizm Eleştirisi. SDE Akademi Dergisi. Cilt 4, Sayı 1. 93-120. DOI: 10.58375/sde.1403886.
There are 27 citations in total.

Details

Primary Language Turkish
Subjects International Foundation, International Politics
Journal Section Research Article
Authors

Enes Çelebi 0009-0004-5460-9054

Publication Date October 11, 2025
Submission Date May 26, 2025
Acceptance Date September 12, 2025
Published in Issue Year 2025 Volume: 11 Issue: 2

Cite

APA Çelebi, E. (2025). 2008 Sonrası: BRICS ve Yeni Kalkınma Bankası Küresel Ekonomik Yönetişimi Nasıl Yeniden Şekillendiriyor? Uluslararası Politik Araştırmalar Dergisi, 11(2), 5-15. https://doi.org/10.25272/icps.1706744

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