BRIC countries the new global inner circle

The daily Dnevnik looks into the shift in global power relations in the wake of the financial and economic crisis, in particular the growing significance of the so-called BRIC countries Brazil, Russia, India and China: "The establishment of BRIC as a global institution moved forward significantly in June, when the leaders of the four countries met for the first BRIC summit (in Russia, where else?). This meeting fired a noteworthy salvo at the US when each of these countries announced its desire to abolish the dollar as global reserve currency. The group has now extended its economic radar to include countries like Bangladesh, Iran, Indonesia, Nigeria, Pakistan, the Philippines, South Korea, Turkey and Vietnam. Together with the four BRIC countries, these states now form the front line of emerging economies."

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