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In the past ten to twenty years the global political economy picture has dramatically changed with the emergence of the economies of Brazil, Russia, India and, notably, China (BRICs) as big players and competitors of the advanced economies in the West and Eastern Asia. The book comparatively analyses institutional change in the BRICs. This book examines the BRICs by analysing their institutional development, their main continuities and changes, and their differences. It provides a comparative analysis of the political economies of the BRICs, but also considers South Africa and Turkey. The contributors provide a systematic comparison of the state-economy and the capital-labour relationships and explore whether they liberalized or followed a specific trajectory. The book also addresses debates on the varieties of capitalism and explores whether the emerging economies fit into the dichotomous construction of liberal and coordinated capitalism or whether they require a more differentiated typological approach. Moving away from rigid conceptions and the static classification of political economies as either liberal or coordinated and presenting a more open approach, The BRICs and Emerging Economies in Comparative Perspective will be vital reading for students and scholars of comparative political economy, international relations, capitalism, the BRICs, emerging markets and the role of the state in the economy.
The book examines the rising influence of emerging powers in global politics, with a special focus on the BRIC countries (Brazil, Russia, India, China). Chapters contributed by international scholars first look at the changing status of the US in the 21st century and at the EU as both an emerging and innovative power. China's rising power status, India's regional and global influence, Russia's re-emergence, and Brazil's growing regional and international role are then analyzed comparatively to explain how the BRIC states are poised to become vital players not only in politics and economy, but also in key international concerns such as terrorism, globalization, and climate change. The book provides a detailed analysis of political, economic, security, and foreign policy trends in the BRIC countries to address such questions as to whether they will seek to revise the international order or work within it and how they will deal with transnational global problems. Using a unique comparative approach, the text will appeal to undergraduate students in world politics, international relations, and foreign policy.
Along with globalization, urban transitions have been central in the southward shift in economic power towards the newly emerging economies. As this book shows, however, these transitions have not been painless, and it is important for the rest of the urbanizing world to learn from the mistakes. It examines the role of urbanization and urban growth in the emerging economies, taking the BRICS countries (Brazil, Russia, India, China and South Africa) as case studies. Their different approaches towards urbanization have shaped their historical development paths and assisted or constrained their futures. Several of the BRICS bear heavy burdens from past failures to accommodate urban growth inclusively and efficiently, and many other urbanizing countries in Asia and Africa are in danger of replicating their mistakes. The overriding lesson of the book is that cities and nations must anticipate urbanization, and accommodate urban growth pro-actively, so as not to be left with an enduring legacy of inequalities and lost opportunities. This book is aimed at students and researchers in urban studies and development studies. It will also be of interest to policy advisors concerned with urbanization and the role of cities in a country’s development
The economic power of Brazil, Russia, India and China (BRICs) is rapidly increasing, changing the landscape of global economics and politics. Top scholars of international business address in this vital volume the markets, strategy implications, challenges and possibilities of this new economic reality. As these four nations acquire greater economic clout, the opportunities for other countries increase. The contributors describe the favorable circumstances these evolving economies could provide for the US and other countries, such as expanded markets and services, higher returns on investments, and new partners in building a more peaceful and prosperous world. In contrast, they also discuss risks to traditional industries and possible challenges to positions on human rights and intellectual property protections, environmental standards, free markets and democratic governments. The volume emphasizes the need for companies to adopt strategies to stay ahead in the changing business environment. Governments must also design and implement new policies geared toward mutually beneficial relationships with BRICs. This enlightening study will be of great interest to students and scholars of international business. Executives of large companies will find it of great practical use when planning their organization s future strategies.
This handbook presents a comprehensive and multi-faceted analysis of the BRICS countries and other emerging economies, exploring their economic, social, environmental, and governance dimensions and challenges.
In Geopolitics in Health, Eduardo J. Gómez takes a critical look at how the emerging BRICS economies dealt with the obesity, AIDS, and tuberculosis epidemics. Despite the countries having similar international political and economic ambitions, Gómez finds that domestic policy responses were driven mainly by international, as opposed to domestic, pressures and interests. Using a theoretical framework called geopolitical positioning, Gómez explores how nations respond to international pressures and policy criticisms, as well as offers of financial and technical assistance; countries then utilize domestic policy innovations and ultimately engage in global health diplomacy in order to bolster their international reputation. --Publisher description.
This volume analyses the relationship between the state and the evolution of the national systems of innovation in the five BRICS countries -- Brazil, Russia, India, China and, South Africa, putting forward several valuable considerations and policy recommendations.
This open access book asks why and how some of the developing countries have “emerged” under a set of similar global conditions, what led individual countries to choose the particular paths that led to their “emergence,” and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.
Emerging markets are big news. But after the financial crisis, what does the future really hold for them? And what does this future mean for global business? George Magnus, one of the world's most respected economic analysts, is your guide through the challenges and opportunities for emerging markets and those doing business in them. This magisterial book looks in detail at China and India – the big players – and also less hyped but crucial markets, including Eastern European countries and Turkey. Magnus takes in his sweep everything from commodity prices to climate change, and from comparative advantage to demographic to provide a compelling analysis of what the future might look like – not just for emerging markets, but for investors, businesses and economies everywhere. Uprising is a must-read for anyone who cares about the future of the global economy.
The rise of emerging or new powers has recently become one of the most researched areas in International Relations. While most studies focus on relations between traditional and emerging powers, this edited collection turns the focus 180 degrees and asks how countries outside these two power sets have reacted to the emerging new world order. Are emerging powers creating a united front in a struggle to change the global order, or are they more concerned with national interests? Are we seeing major changes in the global order, or simply an adjustment by the traditional powers to the emergence of new contenders? In order to the answer these questions, the authors take a broad thematic approach in analyzing recent trends in the interplay between states, markets and societies, concentrating in particular on Latin America, Africa, the Middle East and Europe, and on the three major emerging powers: China, India and Brazil.