Tuesday, September 20, 2011

Brazil, Russia, India, China, South Africa: the new European Creditors?

The BRICS are proposing, through IMF funds or bond purchases, to help stop the growing European financial crisis. While this helps their own immediate economic investments on the continent, this may also signal a rise in greater BRICS strength within the IMF. Does a stronger BRICS voice in the international financial regime signal a change in financial policy? or merely new actors, but same policy? Does this action cement a global shift in power?
http://english.aljazeera.net/business/news/2011/09/201192052145668735.html

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