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The BRICSAdvocated Reform of International Financial System and Its Tendancy toward Power Structure——An Analysis from Realist Constructivism Perspective |
China University of Political Science and Law,Beijing 100088,China |
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Abstract The 2008 financial crisis deepened many countries misgivings to the unreasonable power distribution of international financial system, and confirmed BRICS countries resolution to reform the structure of international financial system. According to Realist Constructivism, power structure can coordinate game relations of power and identity within the system which means it can constrain Group of Sevens power and keep the recognition of the system so as to maintain its stability and development. Therefore, BRICS needs to enhance its strength as primacy reformer, promote the power transfer from developed economies to emerging economies, and complete the optimum reform, thus realizing the full recovery of world economy.
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