International development banks in the aftermath of the global financial crisis

This chapter focuses on international development banks in light of the transition from the Obama into the more right-of-center populist Trump administration. The chapter finds the origins of this crisis in the 2008 Global Financial Crisis, which ultimately led to the formation of the BRICS New Development Bank and China’s Asian Infrastructure Investment Bank. The dynamics surrounding transatlantic relations in this process are examined through the lens of three potential social resilience mechanisms. All three mechanisms are found wanting in his analysis, leading to a somewhat pessimistic view on the future of crisis resolution for the transatlantic order.