The idea that Brazil, Russia, India and China (the «BRICs») are the rising stars of the world economy is now widely accepted. However, the «old» developed nations have not adjusted to the new world order as they struggle with the legacy of the financial crisis. The BRICs and others (especially Korea) have already ‘emerged’ as economic powers. This requires rapid adjustment in economic policies and especially global economic institutions. This book makes a strong case for a radical overhaul of...
