Many in the mainstream media from the developed world have regarded the BRICS Summit held in Durban last week as more of a failure than a success. But I have a contrarian view and argue that criticism of its apparently nebulous proceedings misses the point.
License: Creative Commons
Credit: Eric Miller
Source: World Bank
This roundtable explored development finance institutions and their linkages with job creation and structural change.
When Mexico hands the G20 presidency to Russia on 1 December 2012, it will bequeath a G20 that is still doing some soul-searching on how to lead the world economy. Recent news suggests there is plenty to do. The global economy is in the doldrums, with growth forecasts for the BRICS and the Euro area dropping steeply. Climate change is increasingly visible, and increasingly costly. Food and energy prices are still high and volatile.