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Author: Hartmut Elsenhans
Publisher: Stanford University Press
ISBN: 1503604918
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.
Author: Hartmut Elsenhans
Publisher: Stanford University Press
ISBN: 1503604918
Category : Business & Economics
Languages : en
Pages : 104
Get Book Here
Book Description
Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.
Author: Ruchir Sharma
Publisher: W. W. Norton & Company
ISBN: 0393083837
Category : Business & Economics
Languages : en
Pages : 359
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Book Description
International Bestseller One of Foreign Policy's "21 Books to Read in 2012" A Publishers Weekly Top 10 Business Book “The best book on global economic trends I’ve read in a while.”—Fareed Zakaria, CNN GPS To identify the economic stars of the future we should abandon the habit of extrapolating from the recent past and lumping wildly diverse countries together. We need to remember that sustained economic success is a rare phenomenon. After years of rapid growth, the most celebrated emerging markets—Brazil, Russia, India, and China—are about to slow down. Which countries will rise to challenge them? In his best-selling book, writer and investor Ruchir Sharma identifies which countries are most likely to leap ahead and why, drawing insights from time spent on the ground and detailed demographic, political, and economic analysis. With a new chapter on America’s future economic prospects, Breakout Nations offers a captivating picture of the shifting balance of global economic power among emerging nations and the West.
Author: Mr.Antonio Spilimbergo
Publisher: International Monetary Fund
ISBN: 1484339746
Category : Business & Economics
Languages : en
Pages : 382
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Book Description
Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.
Author: Elsabé Loots
Publisher: Taylor & Francis
ISBN: 1040095070
Category : Business & Economics
Languages : en
Pages : 293
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Book Description
Over the 153-year period since 1870, the phenomenon of globalisation has been shaped and reshaped. As we look back at the events that shaped our understanding of the process and its momentum before and after the Global Financial Crisis (GFC), it became clear that the process of globalisation has changed and continues to evolve, which requires a deeper analysis. The book answers the question of why the performance of the hyper-globalisation period has not continued during the post-GFC period after 2010, and what might be expected going forward. Apart from the fact that the fourth globalisation wave period between 2010 to the early 2020s has been characterised by a range of global shocks that caused more volatility, instability, and uncertainty, the major economic determinants of globalisation have also slowed markedly. The outbreak of the COVID-19 pandemic, followed by the geopolitical uncertainty and instability all caused global contagion effects around the world, with economic, socio-economic, and geopolitical consequences and responses. This book aims to analyse most of these global events and shocks and attempted to gather a deeper understanding of the present drivers of globalisation and what the major trends and shifts are geo-economically, socio-economically, and geopolitically. The conclusions drawn include that globalisation remains, despite the current slowbalisation, an integrated process that is globally entrenched, yet complex, cyclical, multifaceted and multiplex. This book is aimed at academics in economics, political sciences, social sciences, and may also find an audience among international policymakers and scholars at multilateral institutions such as the World Bank and the United Nations.
Author: Salvatore Babones
Publisher:
ISBN: 9781922644817
Category : Education
Languages : en
Pages : 218
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Book Description
Australia's universities are in crisis-and this time it's real. Struck by simultaneous financial, pedagogical, and ideological challenges, Australia's entire university system stands in desperate need of reform. But good reform requires good data, and each of the major players in Australia's university debate has strong incentives to warp the data in its own favour. In this timely book, sociologist and higher education commentator Salvatore Babones delivers the insights Australians need in order to reform what are, after all, their universities. He demonstrates that (contrary to media accounts) domestic funding has held up relatively well over the last two decades, while international students have actually failed to pay their fair share, He explains how universities have gamed the international rankings by making questionable moral compromises, especially in dealing with China. And he lays out a sensible vision for the future of Commonwealth funding that will expand opportunities while managing costs. Australia's Universities: Can They Reform? is an indispensable counterweight to reports commissioned by trade associations, staff unions, the government, and the universities themselves. Its independent analyses offer a sneak-peek into the inner workings of the university system, with a view to helping Australia avoid disaster and achieve meaningful reform. If universities are the conscience of a nation, Australia needs all the help it can get.
Author: Jeffrey David Wilson
Publisher: Edward Elgar Publishing
ISBN: 178643847X
Category : International relations
Languages : en
Pages : 354
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Book Description
Resource security is a new battleground in the international politics of the Asia-Pacific. With demand for minerals and energy surging, disputes are emerging over access and control of scarce natural resource endowments. Drawing on critical insights from political economy, this book explains why resources have emerged as a source of inter-state conflict in the region.
Author: Andrew Fenton Cooper
Publisher: Oxford University Press
ISBN: 0198723393
Category : Political Science
Languages : en
Pages : 161
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Book Description
Brazil, Russia, India, China and South Africa represent almost 18 per cent of the world economy, with their contribution to world growth having already exceeded 50 per cent. But what does the emergence of the BRICS mean for global politics? Andrew Cooper discusses the BRICS as a concept and its practice in global politics.
Author: Leonardo E. Stanley
Publisher: Anthem Press
ISBN: 1783086750
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.
Author: Jan Busse
Publisher: Routledge
ISBN: 1000388093
Category : Business & Economics
Languages : en
Pages : 227
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Book Description
This book reinvigorates the governmentality debate in International Relations (IR) by stressing the interconnectedness between governmentality and globality. It addresses a widening gap in the social sciences and humanities by reconciling Michel Foucault’s concept of "governmentality" with global politics. The volume assembles leading scholars who draw attention to the importance of approaching governmentality in IR from the perspective of globality, and thereby suggests to consider governmentality and globality as fundamentally entangled. Accordingly, the contributors engage in a multifaceted debate about the relationship of governmentality and globality, relating their views to the proposition that globality cannot be equated with the international level and should rather be considered as a genuine context of its own requiring distinct consideration. The book builds on the increasing importance and popularity of governmentality studies, not only by updating Foucault’s concepts at a theoretical level, but also by introducing novel empirical problems and practices of global governmentality that have not hitherto been explored in IR. With a wide theoretical and empirical range, it is relevant not only to IR in general and International Political Sociology in particular, but to any student or practitioner in political science, political theory, geography, sociology, or the humanities.
Author: Mathias Alencastro
Publisher: Springer Nature
ISBN: 3030557200
Category : Political Science
Languages : en
Pages : 181
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Book Description
This is one of the first books to analyse the full cycle of rise and fall of Brazil's foreign policy towards Africa in the beginning of the 21st century. During his government, former president Luiz Inácio Lula da Silva (2003-2010) made the drive towards Africa one of the cornerstones of Brazilian diplomacy and cooperation. In a bid to build strategic trading partnerships with African counterparts, Lula’s government committed itself to an ambitious program centred on provisions in loans and credits as well as the exponential growth of its South-South cooperation. After Lula, however, this drive towards Africa started to decline and finally collapsed in face of political meltdown in Brazil and the proliferation of controversial judicial investigations that directly involved political leaders at the centre of most initiatives undertook in the 2000s. The rise and fall of Brazil-Africa relations has provoked much discussion in policy-making, as well as scholarly research. This book seeks to provide valuable resources to the study of this process by presenting empirically based and updated analysis from different perspectives, such as: The diplomatic tradition of Brazil-Africa relations The role played by Brazilian big private companies in Africa Brazilian health cooperation with African countries The participation of civil society in Brazil-Africa relations Brazil-Africa trade relations Military cooperation between Brazil and Africa Brazil’s drive to Africa left a durable mark, whose implications are yet to be understood. What were its main successes and failures? And what does the dramatic change of events, with Brazil moving from a pivotal player to an almost invisible one in merely half a decade, tell us about South-South cooperation? These are some of the questions that Brazil-Africa Relations in the 21st Century – From Surge to Downturn and Beyond intends to answer in order to provide a useful resource for Political Science and International Relations scholars interested in the study of South-South relations, as well as for policy makers interested in understanding the changing dynamics of International Relations in the wake of the 21st century.
