Why The World Needs A BRICS Bank: Nicholas Stern, Joseph Stiglitz et al. | Economy Watch

See on Scoop.itBusiness education @GIBS

The significance of the decision by the BRICS to create a new development bank that they will fund cannot be overemphasized.

KISs @GIBS‘s insight:

Ackn. economywatch  –  " . . .    At the same time, an estimated two billion people will move to cities in the next quarter-century. And policymakers must ensure that the investments are environmentally sustainable.

 

To meet these and the other challenges confronting the developing world, infrastructure spending will have to rise from around $800 billion to at least $2 trillion annually in the coming decades. Otherwise, it will be impossible to achieve long-term poverty reduction and inclusive growth."

See on www.economywatch.com

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