Globalisation and Emerging Economies Brazil, Russia, India, Indonesia, China and South Africa


Book Description

This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.







Emerging States and Economies


Book Description

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.




New players, new game?


Book Description

The first decade of the 21st century has been a period of rapid eco¬nomic growth in many large emerging economies, especially China. While Western economies are weighed down by debt and austerity measures, many emerging economies are in much better fiscal shape. The growing economic and financial momentum of Brazil, Russia, India, China and South Africa, as well as indonesia, Turkey and South Korea (or `BRICS+), raises serious questions for Western decision makers. Of central strategic concern is whether (several of) the emerging economies are likely to coalesce into an economic or political bloc that might develop a counterbalance to Western influence in existing economic, financial and political institutions. The emergence of a de facto bipolar world with `the West against the Rest could increase the costs of doing business, severely complicate reaching agreement on transnational problems, challenge the promotion of Western values and human rights, lead to increased diplomatic or military tensions and potentially jeopardize the ongoing process of economic globalization. Questions this study addresses include: could the BRICS+ pave the way to¬ward a new economic or political bloc? In what ways has the rise of emerging economies affected the international power balance? And, how could bloc formation impact on economic opportunities for European firms in these emerging economies?




Brazil, Russia, India, China, and South Africa (BRICS) and Africa


Book Description

The core questions addressed in the article are: What are the BRICS states specifically proposing to the existing world order and the global south in the areas of paradigms of economic and social development and systems of governance? What do these countries have in common? Can this commonality be instrumentalised and converted in favour of African progress? What is the ideological foundation of t. [...] As these countries are in the process of 'graduating' from their status of underdevelopment to a transitional phase towards the consolidation of their status of new emerging economies, some issues are being raised about the impetus and the origins of this new dynamic and the nature of the relationship between the free market forces, the state and the society within the global capitalist economy. [...] Since the beginning of the twenty-first century, the dynamics of international political economy have been challenged by the ways nation- states and people are reacting to the imperatives of such an economy, especially the new technical management style and new usage of the dominant social paradigms (technology, science and the free market). [...] In order to understand why a system behaves the way it does, we have to ask the questions of the origins of its elements, examine the nature of the relationship among them, and discuss the nature of the interactions between the system itself and other phenomena within or around its larger environment Within the systems analysis, I interpret history as a changing phenomenon that is not predetermine. [...] The substance of this redefinition and its significance depend on the dynamics of the local political configurations, who the actors are, what their alliances are, how a given people and state have become part of the world system, the location of these actors in the international political economy, what they are bringing into the global market.




Advanced Economies and Emerging Markets


Book Description

This book provides a clear, to-the-point review of the current status between advanced economies and emerging markets, the economic and political factors, as well as the local conditions in general in the emerging countries. I found it very interesting and highly recommend it to anyone with a global footprint. -Robert Moore Bernardos, European Program Manager, Atradius, Amsterdam, Netherlands. A comprehensive account detailing contemporary issues pertinent to global economics and international trade. An invaluable reference book for students, professionals, entrepreneurs, and politicians. -Osei Owusu-Agyeman, CEO, Agyeman Projects and Investments, Accra, Ghana. There is intense competition among emerging markets to capture their share of the global economy. This book addresses questions that are ger mane to accomplish- ing this goal. Most important to this end is the study and practice of international business and foreign trade. Marcus Goncalves is an Associate Professor of Management and Chair of the International Business Program at Nichols College, with 28 years of international management consulting experience in Latin America, Europe, Middle East, Asia, and the U.S.




Emerging Powers in Africa


Book Description

This empirically and theoretically grounded book provides insights into the ascendance of powers such as Turkey, South Korea and Indonesia and their relationship with Africa. Leading scholars present case studies from the BRICS and beyond to demonstrate the constantly evolving and complex character of these ties and their place in the global capitalist order. They also offer new theoretical insights, as well as theorisation of the spatio-temporal dynamics involved in processes of accumulation within the African space. Their contention is that, despite their supposed anti-imperialism, these emerging powers have become agents for continued uneven development. This innovative edited collection will appeal to students and scholars of international relations, political science, development studies, area studies, geography and economics.




The Rise Of The New Economic Powers And The Changing Global Landscape


Book Description

This book explores the catching-up process of a group of large emerging markets: the New Economic Powers. This process is extremely robust and should be considered as the defining trend of our age, resulting in a pivotal change in world economics and politics. The outcome is that the West cannot dominate the world as it did in the previous 200 years. Today's world is pluralistic, and the larger emerging markets are becoming increasingly influential. That is the new reality, which at times caused, and will cause, further discomfort and uncertainty in the West. In the eight chapters, the viewpoints on globalization of nine New Economic Powers are discussed. Each chapter is an essential element in understanding the process of globalization and the role the New Economic Powers play in it. Essentially, their views are guided by a fundamental different look about the role of the market and the government in society, compared to what we see in the West. The New Economic Powers understand the power of the market to create prosperity, but at the same time emphasize the need for government interference. This delicate balance is particularly visible with respect to their international trade and investment policies, which bring them in conflict with Western countries and multilateral institutions such as the WTO and the IMF. The book helps the reader to understand the fundamental choices made by policymakers in the New Economic Powers.







Emerging Markets in a World of Chaos


Book Description

This book is a journey through leading and incredibly diverse emerging markets in a world of shocks and transitions. Tracing the rise of China, the emergence of India, the changing fortunes in Brazil, Argentina, and Mexico, the unique developments in Turkey and Indonesia, the complex geopolitics in Russia and Saudi Arabia, and the challenging post-apartheid transition in South Africa, the study examines their varying prospects in the years to come. Using an innovative analytical approach and rich empirics, the book delves into topics ranging from macroeconomics to human development, institutions to climate change. It provides a strategic roadmap of reform for these economies to escape the middle-income trap. It argues that in a world where advanced economies are defined by slowdown, growing trade blocs, changing demographics, and the rise of renewable technologies, emerging markets will continue to play a significant but complex role in the twenty-first century.