emerging markets 2014

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    The group of five nations - Brazil, Russia, India, China, and South Africa, otherwise known as the BRICS - is making some intriguing financial, economic, and political moves.

    They're committing tens of billions of dollars each to organize their own versions of an IMF and World Bank.

    Many observers thought the BRICS nations would encounter too many obstacles to collaborate effectively.

    But after announcing such plans just over a year ago, the next BRICS summit in July is likely to see the official launch of these institutions.

    The implications are huge for investors...

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