Economic Independence
No fireworks have been set off. No carnival parties are taking place. No flags are being waved around wildly. No drums are beating incessantly. It seems as if one of the major global developments of this month is an occurrence that was expected to take place in the normal course of life. The development in reference is the decision last week by the five countries that are now described as the BRICS, Brazil, Russia, India, China and South Africa, to conduct their trade with each other in their own currencies.
Despite this seemingly inauspicious development, the decision of the five countries is much more important than it seems
