http://ift.tt/1sHX1gh
BY JORDAN TOTTEN - This year’s BRICS summit marks the establishment of a $100 billion dollar liquidity reserve and a $50 billion New Development Bank in Shanghai. As each country acts to maximize its own utility, the emerging economies of the BRICS nations will create a paralleling international financial system ultimately challenging the current western-dominated system.
from Forbes Real Time http://onforb.es/1AAvb7A
BY JORDAN TOTTEN - This year’s BRICS summit marks the establishment of a $100 billion dollar liquidity reserve and a $50 billion New Development Bank in Shanghai. As each country acts to maximize its own utility, the emerging economies of the BRICS nations will create a paralleling international financial system ultimately challenging the current western-dominated system.
from Forbes Real Time http://onforb.es/1AAvb7A
