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The Limits of Cooperation Among BRICS Countries
December 1, 2014 at 12:13 pm,
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by Zhao KejinThe emerging economies of Brazil, Russia, India, China, and South Africa-the BRICS-have been touted as the leaders of the developing world. In their most significant joint accomplishment to date, the BRICS countries are building a New Development Bank (NDB) and a Contingent Reserve Arrangement (CRA) as alternatives to the global financial system dominated by the West. But what do these initiatives signal about members' intentions? Read more.