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Author: Abdikadir Askar
Publisher: GRIN Verlag
ISBN: 3668719853
Category : Social Science
Languages : en
Pages : 23
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Book Description
Essay from the year 2018 in the subject Politics - Topic: Development Politics, grade: A, The University of York, course: MA (Conflict, Development and Governance), language: English, abstract: Based on the Africanist theory of International Relations, the paper examines how the rise of the BRICS countries, particularly China, reshaped the economic and geopolitical realities in Africa for the past two decades. Across infrastructure financing, trade, investment and aid, there is no other traditional Western Power with such colossal engagement in Africa than China. The Chinese companies invest enormously in all across Africa by bringing new technologies, creating jobs, developing skills for the local Africans and immensely contributing to the Africa state’s public revenue. The recent Africa-China economic relationship has threatened the dominance of the traditional ‘Great Powers' in the fields of economics and geopolitics. However, the paper will shed light on the challenges of the Sino/Africa relations from the African perspectives particularly how the Chinese workers and the ‘cheap' and ‘substandard’ products overflowing African domestic markets. Considering both sides of the coin, China's involvement in Africa is perceived positively by Africans, as such China is a significant partner who has generated multiple prospects for African development despite Africa’s development move is relatively sluggish.
Author: Abdikadir Askar
Publisher: GRIN Verlag
ISBN: 3668719853
Category : Social Science
Languages : en
Pages : 23
Get Book
Book Description
Essay from the year 2018 in the subject Politics - Topic: Development Politics, grade: A, The University of York, course: MA (Conflict, Development and Governance), language: English, abstract: Based on the Africanist theory of International Relations, the paper examines how the rise of the BRICS countries, particularly China, reshaped the economic and geopolitical realities in Africa for the past two decades. Across infrastructure financing, trade, investment and aid, there is no other traditional Western Power with such colossal engagement in Africa than China. The Chinese companies invest enormously in all across Africa by bringing new technologies, creating jobs, developing skills for the local Africans and immensely contributing to the Africa state’s public revenue. The recent Africa-China economic relationship has threatened the dominance of the traditional ‘Great Powers' in the fields of economics and geopolitics. However, the paper will shed light on the challenges of the Sino/Africa relations from the African perspectives particularly how the Chinese workers and the ‘cheap' and ‘substandard’ products overflowing African domestic markets. Considering both sides of the coin, China's involvement in Africa is perceived positively by Africans, as such China is a significant partner who has generated multiple prospects for African development despite Africa’s development move is relatively sluggish.
Author: Ian Taylor
Publisher: Boydell & Brewer Ltd
ISBN: 1847010962
Category : Business & Economics
Languages : en
Pages : 210
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Book Description
Africa is said to be rising, turning a definitive page in its history, heralding new and exciting possibilities for the continent. This discourse maintains that with upsurge in economic growth comes improved governance and endogenous dynamics; that the emerging economies, and especially the BRICS (Brazil, Russia, India, China, South Africa), have been instrumental in diversifying Africa's international relations, perhaps leading to a radical change in the global order, favourable to the developing world. But to what extent is this true, and how deep and how broad has been the impact on society at large? This book takes a critical look at the prevalent Africa Rising discourse, and explores the nature and implications of Africa's "rise" and the role that the BRICS have played in it. The author argues that Africa has still to undergo any structural transformation; that there is strong evidence that deindustrialisation and jobless growth have accompanied the upsurge of interest in the continent; and that far from making a radical turn in its developmental trajectory, Africa is being pushed into the resource corner as commodity exporters, to the North (and now, the BRICS) with little scope for industrial progress or skills advancement. Hope that the BRICS might offer an alternative to the extant neoliberal order are misplaced, for the BRICS have a stake in maintaining the current global unequality. Africa must therefore fashion its own independent path - while the emerging economies will be important, relying on external actors may simply reproduce anew the current state of underdevelopment. Ian Taylor is Professor in International Relations and African Politics, University of St Andrews; Chair Professor, Renmin, University of China; Professor Extraordinary, University of Stellenbosch, South Africa; Honorary Professor, Institute of African Studies, Zhejiang Normal University, China; and a Visiting Scholar at Mbarara University of Science and Technology, Uganda.
Author: Doctor Padraig Carmody
Publisher: Zed Books Ltd.
ISBN: 1780326076
Category : Business & Economics
Languages : en
Pages : 145
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Book Description
A little over a decade ago Africa was being spoken of in the media as the 'lost' or 'hopeless' continent. Now it has some of the fastest growing economies in the world, largely because of the impact of the BRICS: Brazil, Russia, India, China and South Africa. In this first book to be written about the BRICS as a collective phenomenon, Pádraig Carmody reveals how their engagements with Africa, both individually and collectively, are often contradictory, generating new inequalities and potential for development. Crucially, Carmody shows how the geopolitics of the BRICS countries' involvement in Africa is impacted by and impacts upon their international relations more generally, and how the emergence of these economies has begun to alter the very nature of globalization, which is no longer purely a Western-led project. This is a path-breaking examination of Africa's changing role in the world.
Author: Ana Garcia (Economist)
Publisher:
ISBN: 9789350023785
Category : Developing countries
Languages : en
Pages : 0
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Book Description
"Brazil, Russia, India, South Africa and China is often considered to be an alternative, antagonistic force to Western imperialism - yet in reporting from fronts as diverse as financial regulation, climate negotiations, minerals extraction or even World Cup soccer, leading political economists in this book show how the BRICS are accommodating and even amplifying the worst features of global capitalism"--
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: Pádraig Risteard Carmody
Publisher:
ISBN: 9781350223509
Category : Africa
Languages : en
Pages : 176
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Book Description
Title; Copyright; Contents; Abbreviations; Acknowledgements; 1 Introduction: new models of globalization; 2 China: globalization and the rise of the state?; 3 South Africa: another BRIC in the wall?; 4 India: the geo-logics of agro-investments; 5 Russia: unalloyed self-interest or reflections in the mirror?; 6 Brazil: globalizing solidarity or legitimizing accumulation?; 7 Conclusion: governance and the evolution of globalization in Africa; Notes; Bibliography; Index.
Author: Oumar Diallo
Publisher: International Monetary Fund
ISBN: 1484306597
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy stances in SSA and the BRICs are not synchronized, they have not caused cyclical output correlation between these two groups of countries. Also, financial openness, which is at a very early stage across most SSA countries, has acted as a neutral force.
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: 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: 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)
