Remnants of Bretton Woods or a New Brick in its Foundation?
... alternative to the international bodies that form the core of the modern economic order set up in 1944 at the Bretton Woods conference. Is the BRICS enough muscular to revise the existing economic system by establishing a competitive alternative to the IMF and the World Bank as well as by offering a new monetary system that better reflects the global balance of forces? The BRICS New Financial Lever at Work The NDB was established to mobilize resources for infrastructural projects across the world. The ...