U.S. snubbed for summit meeting this weekend
Posted: April 13th, 2011, 2:18 pm
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This isn't the first time the U.S. hasn't been involved in a summit meeting in recent years. Are we being sent a message?SANYA, China (AP) -- The leaders of the world's largest emerging economies gather this week in southern China for what could be a watershed moment in their quest for a bigger say in the global financial architecture.
Thursday's summit comes at a crucial moment for the expanded five-member bloc known as the BRICS, which groups Brazil, Russia, India, China, and, for the first time, South Africa.
Chinese President Hu Jintao, Brazilian President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma will attend.
With the G-20 group of major economies seeking to remake parts of the global financial architecture, it's time for the BRICS to test whether they can overcome internal differences and act as a bloc pursuing common interests.