A Sub-representação de potências emergentes em instituições financeiras internacionais: a atuação dos BRICS no FMI

Abstract

The grouping called BRICS, comprising by Brazil, Russia, India, China and South Africa, which currently represents 25% of GDP, 42% of the population and 40% of all the existing workforce in the world, has achieved in the last decade economic growth higher than that seen in those countries that constitute the political North, strictly European Union, United States and its traditional allies (Japan, Canada and South Korea). This growth, however, was not accompanied by a substantial maturing of political representation of these countries in the International Financial System. In order to correct this situation, trying to make the international system a more fair environment, minimizing disparities between North and South, the BRICS struggle for a structural reform to be embodied in the Bretton Woods Institutions. This study aims to illustrate some of the difficulties that the rising powers have faced in the fight to break the status quo of the International Financial System established in the post-World War II era by the traditional powers, especially regarding the suggestion of reforms in the International Monetary Fund quota system.