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  • Can the BRICS reform global power relations?

    Wednesday, July 23, 2014
    • BRICS AFP photo
    • BRICS AFP photo
    The primary interest of the BRICS countries is to begin the gradual process of reforming the international monetary and financial system, which remains heavily dependent on US monetary policy. (AFP Photo)

    The latest meeting of the BRICS countries, held in Brazil’s northeastern city of Fortaleza last week, represents the bloc’s most significant step towards its aim of building a new, multilateral development framework. 
     
    After two years of negotiations, the geoeconomic grouping of emerging markets known as the BRICS – Brazil, China, India, Russia and South Africa – has broken new ground...

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