BRICS: The need for Africa to carefully balance the global financial architecture amid global power struggles
In 2012, as I sat in class discussing global financial systems, the concept of BRICS (i.e Brazil, Russia, India, China and South Africa) was introduced as a counterweight to the Western-dominated international monetary system.
I examined the International Monitoring Fund’s Working Paper on BRICS’ Development Philosophies (2012) and the European…