ABSTRACT
This introduction presents an overview of the key concepts covered in the subsequent chapters of this book. The book concentrates on the tale told by economic data, political memoranda, and the institutions that might follow the BRICS Development Bank. Reflecting the intention of the BRIC states to reshape the world order, many articles picked up on the constructional and building aspect of the term, an association particularly popular when projecting the risks and potentials of the economies in question. The financial world may have allegedly developed acronym anxiety, with Albert Edwards, Socit Gnrales strategist dubbing BRIC a Bloody Ridiculous Investment Concept. With the BRICs story starting in the world of banking, many might take a new stance on the well-aged joke on the International Monetary Fund (IMF), saying that its letters stand for it's mostly fiscal, and concentrate on the tale told by economic data, political memoranda, and the institutions that might follow the BRICS Development Bank.
