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BRICS plan development bank to fund infrastructure

Leaders of the five BRICS nations fueling global economic growth plan the creation of a development bank in a direct challenge to the World Bank that they accuse of Western bias.

 

BRICs Share Of World Economy Up Four Times In 10 Years

BRIC

The economies of Brazil, Russia, India and China account for 20 percent of the world economic output, and rising. That’s up four fold in the last decade, according to a report released yesterday by the International Monetary Fund. Despite the growth, problems in the core economies had made the post-2008 world a difficult one for the big four emerging markets.

 

A decade on, rise of BRICs shaped by September 11

As his global teleconference broke up in disarray on September 11, 2001, a top economist at a U.S. investment bank began to ponder what the attacks on the United States might tell him about the future shape of the world.

 

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