Although the tragic incident of MH17 now attracts global attention, the real big news last week was the establishment of the BRICS development bank at the BRICS summit in Brazil, which has long-term implications for global order and development. Not everybody would agree on the importance of the BRICS bank, but the creation of the BRICS bank is significant for future international order for three reasons.

Available at: http://thediplomat.com/2014/07/3-reasons-the-brics-new-development-bank-matters/