Sustainable Development and Emerging Economies

international financial system: The answer, as of now, seems to be yes, according to The Japan Times. Indeed, China and other major emerging economies appear committed to designing financial systems that serve the long-term imperatives of inclusive and sustainable development. Far more important, however, is whether such principles underpin developing countries’ broader capital markets, which have become increasingly central to the international financial system. But they cannot create a genuinely inclusive and sustainable global economy alone. While the AIIB and the forthcoming New Development Bank, operated by the BRICS countries , are the most visible internationally, they are only the tip of the iceberg. Policy-directed investment vehicles, which have grown in number and significance in recent years, are critical to this effort. (news.financializer.com). As reported in the news.