Wall Street Journal
July 20, 2011
Abstract
Last April, the BRICS—Brazil, Russia, India, China and South Africa—met in the Chinese resort of Sanya and called for changes in international financial institutions and a move away from the dollar. Comprising 40% of the world's population and a quarter of the global economy, this new organization appears to represent an important sign of declining American influence. But such appearances are misleading.
Citation
Nye, Jr., Joseph S. "Another Overhyped Challenge to U.S. Power." Wall Street Journal, July 20, 2011.