For decades since their creation, these organizations, whose leaders are almost unanimously Western, have been tightly controlled by Western nations, which are reluctant to make substantial reforms to reflect the fast-changing geopolitical and economic landscape of today's world.
Since the onset of the U.S. sub-prime mortgage crisis, the overall health of Western economies have been going from bad to worse, under the dual impact of the global financial crisis that originated from the United States and the deepening debt woes in the euro zone.
Meanwhile, China and other major emerging economies have maintained steady economic expansion and become a powerhouse of the world economy.
According to a study released by the Chinese Academy of Social Sciences in April 2011, BRICS -- the five emerging countries of Brazil, Russia, India, China and South Africa -- contributed to some 60 percent of the global economic growth in 2010.
The study also forecast that BRICS nations would still maintain stable and relatively rapid growth over the next 15 years.
Yet the efforts by developing and under-developed countries to make their legitimate voice heard at the world stage are taken by the Western countries as attempts to overthrow their domination over global rules.
Nevertheless, despite rich nations' arrogance and suspicion, developing nations have made headway in reforming the game rules, like expanding their quotas in the IMF.
Landmark building should respect the public's feeling
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