BRICS Countries Rebuild International Financial System outside of the Western System
ANBOUND
The sixth summit of the BRICS is held in Brazil from July 15th to 16th. ANBOUND research team thinks that the BRICS countries rebuild international financial system for two reasons. First, the reform of post-war international financial system which is led by western countries is too slow and the status given to emerging economies isn't fair. Second, the comprehensive strength and international status of emerging economies have been enhanced, especially after U.S. financial crisis.