Would this development have happened if the USA was a good world neighbor instead of jingoistically trying to intimidate, control, and change regimes in the name of the most noble stated causes?
Last week, World Bank President Robert Zoellick endorsed a new bank to be created by the top five emerging economies. The countries include: Brazil, Russia, India, China and South Africa. These five countries account for almost 30 percent of the global economy. The new BRICS bank will almost certainly rival the western and U.S. dominated IMF and World Bank. However, Zoellick said that not having Russia and China as part of “the World Bank system” would be a “mistake of historic proportions,” according to GoldCore.
http://wallstcheatsheet.com/investing/emerging-markets-look-to-drop-brics-on-u-s-dollar.html/?s
Speak Your Mind