The BRICS Expose the West’s Hypocrisy
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March 29 (Bloomberg) -- Who do they think they are, theseupstart economies, Brazil, Russia, India, China and SouthAfrica?
That might sum up the feeling in the U.S., Europe and Japanas the BRICS nations consider a new development bank that mightchallenge the World Bank and International Monetary Fund. Themove brings to mind Alice Amsden, the Massachusetts Institute ofTechnology economist who died last year, and her 2001 book,“The Rise of ‘the Rest.’”