Emerging Markets Unite!
Friday, March 29, 2013
The so-called BRICS nations of Brazil, Russia, India, China, and South Africa have indicated that they want to form a development bank of their own to rival the World Bank and IMF. Uri Dadush, director of Carnegie Center’s International Economics Program, discusses what the emerging-markets coalition would mean for the world economy. Plus: what the IMF's statement about energy subsidies means for development and the environment.