Daily Archives: April 28, 2012

More than one-half of Americans think China is already the world’s leading economy – an astonishing misperception, given that China’s gross domestic product is still less than half of America’s. As George Orwell once observed, “Whoever is winning at the moment will always seem to be invincible.” China has grown […]

During the BRICS Summit in New Delhi on April 8 2012, the leaders of the five developing countries agreed to “enhance intra-BRICS trade” and agreed on an accord on extending a credit facility in their own currencies. In their joint declaration the BRICS leaders made another important step in cooperation […]