Trade wars are unequivocally bad; most experts agree that economic efficiency is lost and everyday consumers ultimately bear the brunt of the pain. Both the United States and China have trillions of dollars in export revenues at stake in a ...

On July 15, during the latest BRICS Summit at Fortaleza, Brazil, the five countries of the BRICS Group (Brazil, Russia, India, China and South Africa) announced the establishment of the New Development Bank (NDB), a new international development bank aimed ...