Can BRICS prevail over IMF & World Bank?
BRICS and the rise of Global South Who would have expected that the BRICS nations could rise as potential rivals of the G7 countries, World Bank and IMF combined? But what once seemed a distant possibility now has real prospects, which could change the political equilibrium of world politics. BRICS is an acronym for Brazil, Russia, India, China and South Africa. It was supposedly coined by the Chief Economist of Goldman Sachs in 2001 […]