BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA
BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA

BRICS not a firm foundation for a new global economic order

Bloc's development bank cannot challenge Western ascendancy until its leading country China makes transition to a consumer economy

BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA
BRICS leader (from left to right, front), Russia's Vladimir Putin, India's Prime Minister Narendra Modi, Brazil's President Dilma Rousseff, China's Xi Jinping, and South Africa's Jacob Zuma. Photo: EPA
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