HKS Authors

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Harvard University Distinguished Service Professor, Emeritus


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.


Nye, Jr., Joseph S. "Another Overhyped Challenge to U.S. Power." Wall Street Journal, July 20, 2011.