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Author: R. Kiely
Publisher: Springer
ISBN: 1137499974
Category : Political Science
Languages : en
Pages : 243
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Book Description
The author examines the rise of the BRICs and the supposed decline of the United States. Focusing on the boom years from 1992 to 2007, and the crisis years after 2008, he argues that there are limits to the rise of the former and that the extent of US decline has been greatly exaggerated.
Author: R. Kiely
Publisher: Springer
ISBN: 1137499974
Category : Political Science
Languages : en
Pages : 243
Get Book
Book Description
The author examines the rise of the BRICs and the supposed decline of the United States. Focusing on the boom years from 1992 to 2007, and the crisis years after 2008, he argues that there are limits to the rise of the former and that the extent of US decline has been greatly exaggerated.
Author: Peter Lowe
Publisher:
ISBN: 9781973473909
Category :
Languages : en
Pages : 243
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Book Description
This updated book (6th edition published in December 2017) examines how the BRICS countries of Brazil, Russia, India, China and South Africa have emerged as potentially potent forces in the global economy, and the reasons behind their economic rise. Yet, although they share certain advantages, they possess different strengths. China has become a dominant global supplier of manufactured goods, while India has emerged as a key global provider of services. Brazil and Russia have become major global exporters of raw materials, resources that China and India require for their industrialisation. South Africa has a diversified economy, and is regarded as a low-risk destination for investment in Africa. The emergence of the BRICS could signal a shift in economic and political power away from the advanced economies of the West. A close 'alliance' between the BRICS countries is becoming a reality, and could further increase their geopolitical stature, leading to significant changes in the current world order. However, China is the real power in the BRICS group, and rivalry with the other BRICS, due to their overlapping spheres of influence, may create future tensions that prevent the emergence of a new powerful grouping. In addition, despite the balance of global economic power shifting towards the BRICS since the turn of the century, there remain doubts over the sustainability of their economic policies. Weak global demand for commodities in recent years has contributed to stalled economies in Brazil, Russia and South Africa, while unprecedented investment levels in China have led to concerns over its rising public and private debt. India's rapidly growing population and considerable rural poverty are problematic for its future development. Therefore, the book looks at the different set of obstacles faced by each of the BRICS countries, and the challenges that may thwart their individual global ambitions, as well as the ability of the BRICS group to take centre stage in tomorrow's global economy. This book includes content from the book titles - 'The Rise (& Fall) of Brazil in the Global Economy', 'The Rise (& Fall) of Russia in the Global Economy', 'The Rise of India in the Global Economy' and 'The Rise of China in the Global Economy' - in addition to dedicated content on the BRICS group. Numerous discussion questions and multiple-choice review questions are included, along with graphs and photos, to create a more interactive and educational experience for the reader. It will be of relevance to teachers, students, and anyone else with an interest in the emergence of the BRICS countries and the globalisation of the world economy.
Author: Vai Io Lo
Publisher: Edward Elgar Publishing
ISBN: 1782545476
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
Taking an interdisciplinary approach, Vai Io Lo and Mary Hiscock, together with scholars and researchers from around the world, investigate the rise of the BRICS and assess the extent of their further development and influence from the perspectives of
Author: Jim O'neill
Publisher: Penguin
ISBN: 1101565632
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
In 2001, Jim O'Neill predicted the fastest growing economies of the past decade. Now he's back to explore the new growth markets we should all be watching closely today. It's been ten years since Jim O'Neill conceived of the BRIC acronym. He and his team made a startling prediction: Four developing nations- Brazil, Russia, India, and China (the BRICs)-would overtake the six largest Western economies within forty years. The BRIC analysis permanently changed the world of global investing, and its accuracy has stood the test of time. The Growth Map features O'Neill's personal account of the BRIC phenomenon, how it has evolved, and where those four key nations currently stand after a turbulent decade. And the book also offers an equally bold prediction about the "Next Eleven" countries: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam. These developing nations may not seem exceptional today, but they offer exciting opportunities for investors over the next decade, just as BRIC did before them. O'Neill also shares several compelling insights about the world economy. He reveals the value for growing countries in being "willing to play" by meaningfully committing to policies that encourage further growth and engagement with globalization. He explains how the g20 can adjust to better incorporate the BRICs and to better reflect the balance of the global economy. Finally, O'Neill makes the counterintuitive claim that good things can quite often come from crises. While established economic powers may see the rise of the BRICs as a threat, international trade benefits us all over the long term. Likewise, the recent financial crisis revealed deep problems in our economic systems, problems we now have the opportunity to fix. A work of astute and absorbing analysis, The Growth Map is an indispensable guide for every investor and every participant in the global economy. Anyone who wants to understand the developing world would do well to heed the man called "one of the most sought-after economic commentators on the planet." (The Telegraph)
Author:
Publisher: World Scientific
ISBN: 9811202222
Category : Political Science
Languages : en
Pages : 986
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Book Description
Over the past 20 years, social scientists, government officials, and investors have expressed mounting interest in the BRICS countries, which include Brazil, Russia, India, China and South Africa. These countries are widely viewed as both key actors in the global economy and important regional powers. The Political Economy of the BRICS Countries is a three-volume set that aims to address various crucial issues regarding these countries.Volume 1 analyzes whether economic growth in the BRICS countries has been broad-based and promoted equitable economic and social outcomes. The authors examine specific dimensions of growth in these five economies that constrain their ability to act effectively and cohesively in international affairs.Volume 2 considers how the BRICS have affected global economic governance and the international political economy.Volume 3 provides various approaches to economic informality in the BRICS. Moreover, the chapters deal with several connections between informality and important political, economic, and institutional phenomena such as economic globalization and international aid, economic development, political regimes, social capital, political networks and political participation, labor market rules, and social policy preferences.The BRICS countries have attracted rising attention over the past two decades. The volumes provide an in-depth analysis of various key issues regarding these countries and chart a course for future research.
Author: Rajan Kumar
Publisher: Taylor & Francis
ISBN: 1000738760
Category : Political Science
Languages : en
Pages : 331
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Book Description
BRICS is conceivably the most formidable organisation to have emerged in the post-Cold War period in the non-Western world. This book highlights the significance of BRICS in a wider global context and foregrounds the long-pending demand for the reform of global governance institutions. The volume: • Traces how the organisation came into being and looks at the distinct norms and principles espoused by it • Discusses the glaring limitations of the existing institutions of global governance • Explores the economic growth and the rising political influence of BRICS states • Analyses the internal threats to the survival of the organisation and assesses its prospects in the foreseeable future. A significant intervention in situating BRICS as one of the major players in global governance, the book will be of great interest to students and scholars of international political economy, international business and finance, international relations, politics, and Global South Studies.
Author: Oliver Stuenkel
Publisher: Rowman & Littlefield
ISBN: 1498567282
Category : Political Science
Languages : en
Pages : 273
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Book Description
The transformation of the BRIC acronym from an investment term into a household name of international politics and into a semi-institutionalized political outfit (called BRICS, with a capital ‘S’), is one of the defining developments in international politics in the past decades. While the concept is now commonly used in the general public debate and international media, there has not yet been a comprehensive and scholarly analysis of the history of the BRICS term. The BRICS and the Future of Global Order, Second Edition offers a definitive reference history of the BRICS as a term and as an institution—a chronological narrative and analytical account of the BRICS concept from its inception in 2001 to the political grouping it is today. In addition, it analyzes what the rise of powers like Brazil, Russia, India, China, and South Africa means for the future of global order. Will the BRICS countries seek to establish a parallel system with its own distinctive set of rules, institutions, and currencies of power, rejecting key tenets of liberal internationalism, are will they seek to embrace the rules and norms that define today’s Western-led order?
Author: Li Xing
Publisher: Routledge
ISBN: 1317040007
Category : Political Science
Languages : en
Pages : 245
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Book Description
The world is in an era of great transformations. Globalization, transnational capitalism, September 11, the 2008 global financial crises, and the emergence of the ’second world’ in general and the BRICS in particular are characterized by a diffusion of power away from the traditional North Western powers and towards the global South. Such great transformations have reshaped the terrain and parameters of social, economic and political relations both at the national and the global levels and have exerted pressure on the exiting international order in terms of both opportunities and constraints. This new era also urges the need for re-conceptualizing the changing world order especially with regard to one of the core conceptual categories and analytical apparatus in the studies of IR and IPE - hegemony. The world will witness a new era of interdependent hegemony, in which both the existing ’First World’ and the emerging ’Second World’ are intertwined in a constant process of shaping and reshaping the international order in the nexus of national interest, regional orientation, common economic and political agenda, political alliance and potential conflicts. This collection juxtaposes, from different perspectives and approaches, the discussion on the political economy of the emerging world order with a focus on the rising powers.
Author: Sergey Smirnov
Publisher: Springer
ISBN: 331990017X
Category : Business & Economics
Languages : en
Pages : 505
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Book Description
This volume focuses on the analysis and measurement of business cycles in Brazil, Russia, India, China and South Africa (BRICS). Divided into five parts, it begins with an overview of the main concepts and problems involved in monitoring and forecasting business cycles. Then it highlights the role of BRICS in the global economy and explores the interrelatedness of business cycles within BRICS. In turn, part two provides studies on the historical development of business cycles in the individual BRICS countries and describes the driving forces behind those cycles. Parts three and four present national business tendency surveys and composite cyclical indices for real-time monitoring and forecasting of various BRICS economies, while the final part discusses how the lessons learned in the BRICS countries can be used for the analysis of business cycles and their socio-political consequences in other emerging countries.
Author: Natascha Strenger
Publisher: GRIN Verlag
ISBN: 3656209537
Category : Political Science
Languages : en
Pages : 25
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Book Description
Seminar paper from the year 2011 in the subject Politics - Political systems in general and in comparison, grade: 1,3, Ruhr-University of Bochum (Fakultät für Sozialwissenschaften), course: Emerging Powers in International Affairs, language: English, abstract: About ten years ago, Jim O’Neil at the well-known investment bank Goldman Sachs coined the acronym BRIC for four emerging countries that were regarded to have a common potential of shaping global markets in the not-too-distant future: Brazil, Russia, India and China. In 2003, Goldman Sachs published a report named “Dreaming with BRICs: The Path to 2050”. Its key message was that the economies of these four countries together, which at that time made up only 15% of the global economy, could by 2050 be larger than those of the (former) G6. They claimed that, given that their predictions come true, the list of the world’s major economies could look very different from today’s in less than 40 years – a perspective which must naturally have an influence on investing behavior around the globe (see Wilson, Purushotaman 2003). The reasons for these expectations were the BRICs economic growth rates, which topped those of the industrialized nations by far, as well as their huge share of global population which promised emerging masses of consumers. In 2010, Goldman Sachs could proudly announce the fulfillment of their 2001 predictions (Wilson et al.). The past decade had indeed seen a rise in political and economic power of these emerging countries, so, according to Goldman Sachs, there were no reasons to doubt that the BRICs future growth would as well be satisfying their forecasts (ibid. 2). Another report from December 2009, which concentrated on the BRICs’ survival of the global financial crisis had even confirmed that these countries (with the sole exception of Russia) were emerging healthier from it than the industrialized world – a development which gave reason to expect yet better long-term performance than they had originally prophesized ten years ago (O’Neill, Stupnytska). However, critics argue that the entire concept of BRIC has flaws – it might appear forced to group four countries that seem to have very little in common. The prediction of their future role in global affairs seems rather bold and even if in terms of economics the BRICs fulfill the expectations – what does this mean for their general role in world affairs? This paper shall have a closer look at the BRIC group and its actual and predicted development. The sense of an analytical concept that was applied to four such different countries shall be examined by pointing out there commonalities and differences.
