The rivalry between powers such as the U.S. and China, the weakening of multilateralism, democratic backsliding, the fragmentation of global supply chains, and growing competition over critical minerals, among other recent geopolitical changes, are reshaping development strategies around the world and creating new challenges for emerging economies, according to experts who gathered Tuesday (15) at a seminar organized by the Brazilian Development Bank (BNDES) and the Economic Commission for Latin America and the Caribbean (ECLAC) in Rio.