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The BRICS Will Shape A New World Order, Just Like The US Did After WWII

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Last week, the leaders of Brazil, Russia, India, China, and South Africa met in New Delhi for their fourth annual "BRICS" summit. They announced more definitive plans to establish a BRICS-focused development bank, to be solely funded by the BRICS countries themselves. Such an institution could allow this emerging bloc to pursue independent policies on the world stage, thereby challenging the global financial dominance of the World Bank and the International Monetary Fund (IMF), which for nearly 70 years have served as powerful monetary levers for Western interests.

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At www.businessinsider.com

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