The BRICs and Emerging Economies in Comparative Perspective

Political Economy, Liberalisation and Institutional Change

Author: Uwe Becker

Publisher: Routledge

ISBN: 1134647034

Category: Political Science

Page: 226

View: 5242

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.
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The BRICs and Emerging Economies in Comparative Perspective

Political Economy, Liberalization and Institutional Change

Author: Uwe Becker

Publisher: N.A

ISBN: 9780415843508

Category: Business & Economics

Page: 223

View: 8151

"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 ofthe political economies of the BRICs, but also considers South Africa and Turkey, with a chapter on Eastern European countries. The contributors provide a systematic comparison of the state-economy and the capital-labour relationships and explore whetherthey 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 to present 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"--
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Emerging Powers in a Comparative Perspective

The Political and Economic Rise of the BRIC Countries

Author: Vidya Nadkarni,Norma C. Noonan

Publisher: Bloomsbury Publishing USA

ISBN: 1623560594

Category: Political Science

Page: 256

View: 4922

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.
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The BRICS in International Development

Author: Jing Gu,Alex Shankland,Anuradha Chenoy

Publisher: Springer

ISBN: 1137556463

Category: Political Science

Page: 248

View: 369

This book offers a comprehensive comparative perspective on the increasingly significant development cooperation activities of the BRICS. Providing a powerful set of insights into the drivers for engagement within each country, it brings together leading experts from Brazil, Russia, India, China, South Africa and OECD countries. The authors review the empirical evidence for the BRICS’ modes of development cooperation and their geographical reach, and explore the historical background and patterns of international development engagement of each country. They also present a cutting-edge analysis of the broader geopolitical shifts, distinctive ideologies and normative discourses that are influencing and informing their engagement in increasingly ambitious joint projects such as the New Development Bank. This collection is essential reading for anyone seeking to understand the rapidly changing landscape of international development.
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The BRICs Superpower Challenge

Foreign and Security Policy Analysis

Author: Kwang Ho Chun

Publisher: Routledge

ISBN: 1317039971

Category: Political Science

Page: 242

View: 6255

In an imaginative and interesting way, Kwang Ho Chun seeks to capture the dynamics of the changing international system and the prospects for a change in the international distribution of power. The idea that new superpowers could rise and that some of the BRICs (Brazil, Russia, India and China) could be such superpowers, is particularly intriguing and the main idea explored in this study. In line with neo-realist approaches, this book argues that in a unipolar world competitors will rise to challenge the global hegemon. As the power profiles of the BRICs rise and they gain greater control of geo-global politics, they are likely to attain significant regional dominance among other regional powers although their underdeveloped tradition of hard power and internal challenges could prevent them from gaining superpower status. This book captures the dynamics of the changing international system and the prospects for a change in the international distribution of power.
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India and China in Africa

A comparative perspective of the oil industry

Author: Raj Verma

Publisher: Routledge

ISBN: 1317307747

Category: Business & Economics

Page: 302

View: 7261

With their phenomenal growth rates, India and China are surging ahead as world economic powers. Due to increasing instability in the Middle East, they have turned to Africa to procure oil to fuel their industrialisation process. Africa’s economy stands to be impacted in various ways due to the increasing interaction with these ‘Asian Giants’. This book analyses the acquisition of oil blocks by Indian and Chinese oil corporations in eleven West African countries. It describes the differences in how India and China mobilise oil externally to meet their respective goals and objectives. The book examines the rate of return on capital, rate of interest on loans and the ease of availability of loans, the difference in the level of technology and ability to acquire technology, project management skills, risk aversion, valuation of the asset and the difference in the economic, political and diplomatic support received by the Chinese and Indian oil companies from their respective governments. It is argued that the difference in the relative economic and political power of India and China accounts for the ability of Chinese oil companies to outbid their Indian competitors and/or be preferred as partners by international oil companies. Containing interviews from Indian and Chinese oil company executives, government officials, industry officials, former diplomats and scholars and academics from India, China and the UK, this book makes a valuable contribution to existing literature on India, China and the oil industry in West Africa. It will be a valuable resource for academics in the field of International Relations, Foreign Policy Analysis, Asian Business and Economics.
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Institutions and the Economy

Author: Francesco Duina

Publisher: John Wiley & Sons

ISBN: 0745637639

Category: Business & Economics

Page: 216

View: 8286

Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels. This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.
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The BRICS-Lawyers' Guide to Global Cooperation

Author: Rostam J. Neuwirth,Alexandr Svetlicinii,Denis De Castro Halis

Publisher: Cambridge University Press

ISBN: 1108245196

Category: Law

Page: N.A

View: 674

In the international trade and development arena, new and developing economies have created a block that is known as BRICS - Brazil, Russia, India, China and South Africa. Initially conceived to drive global change through economic growth, the financial crisis and reversal of fortunes of the BRICS nations have raised questions about their ability to have an impact on the governance of global affairs. This book explores the role of law in various areas of BRICS cooperation including: trade, investment, competition, intellectual property, energy, consumer protection, financial services, space exploration and legal education. It not only covers the specifics of each of the BRICS nations in the selected areas, but also offers innovative and forward-looking perspectives on the BRICS cooperation and their contribution to the reform of the global governance networks. This is a unique reference book suitable for academics, government officials, legal practitioners, business executives, researchers and students.
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Mapping BRICS Media

Author: Kaarle Nordenstreng,Daya Kishan Thussu

Publisher: Routledge

ISBN: 1135445311

Category: Social Science

Page: 268

View: 323

Mapping BRICS Media is the first comprehensive and comparative study of the emerging media landscape in the world’s most dynamic and fastest growing markets. This pioneering collection focuses on one of the key topics in contemporary international relations - the emergence of BRICS (Brazil, Russia, India, China and South Africa) - a grouping that includes some of the world’s largest populations and fastest growing economies. The volume brings together leading scholars, mainly from the BRICS nations, to examine how the emergence of the BRICS media will impact on global media and communication. Contextualizing the rise of the BRICS nations within the broader shifts in global power relations, the chapters investigate the unprecedented growth of the BRICS media within a ‘multi-polar’ world, evaluating the media landscapes in the individual BRICS countries, their histories, and their journalism practices, as well as analyzing emerging inter-BRICS media relationships. Accessible and comprehensive, the book provides a critical guide to the complex debates about the impact of the ‘rise of the rest’ on the media globe and how far this poses a challenge to the Western-dominated world order and its media systems.
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Competition Law in the BRICS Countries

Author: Adrian Emch,Jose Regazzini,Vassily Rudomino

Publisher: N.A

ISBN: 9789041138217

Category: Law

Page: 330

View: 5247

Companies around the world and their advisors have realized, over the past few years, that they must be very aware of merger control and antitrust enforcement developments in Brasilia, Moscow, New Delhi, Beijing, and Pretoria. When one appreciates the extent of enforcement by the competition authorities of the powerful emerging economies of Brazil, Russia, India, China, and South Africa, it becomes clear that a fundamental change in the focus of international antitrust enforcement has occurred. Under the auspices of the International Bar Association, this timely, invaluable book examines in detail the fast-moving antitrust developments in the BRICS countries. Twenty-nine outstanding experts practitioners, officials, and academics, each of them working in one of the five countries present in-depth descriptions of the structure, powers, and procedures of their country s respective enforcement agencies. Disclosure, transparency, benchmarking, portfolio of policymaking tools, and the speed, phasing, and priorities of implementation are all fully analysed. The authors provide summaries with implications of relevant cases in their jurisdictions. The issues and topics covered include the following: politics, resources, priorities; cooperation with criminal prosecutors and police; extraterritoriality; availability of administrative sanctions, criminal enforcement, and private actions; assessment of dominance; investigation: procedure, powers, burden of proof, appeal; procompetitive development of particular sectors of the economy; leniency programs; calculation of market share thresholds; triggering events/thresholds; notification thresholds and documents; employee and trade union involvement; and government participation and intervention. At a time when the BRICS antitrust agencies are increasingly asserting their roles in a multipolar antitrust world and cooperating with each other more and more, this thorough and up-to-date comparative analysis on what the BRICS countries are doing in the antitrust sector will be extremely valuable to corporate counsel worldwide. For academics and policymakers it will provide a highly revealing perspective on the current state of international competition law enforcement."
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Comparative Employment Relations in the Global Economy

Author: Carola Frege,John Kelly

Publisher: Routledge

ISBN: 1135020930

Category: Business & Economics

Page: 488

View: 9310

"Employment Relations" is widely taught in business schools around the world. Increasingly however more emphasis is being placed on the comparative and international dimensions of the relations between employers and workers. It is becoming ever more important to comprehend today’s work and employment issues alongside a knowledge of the dynamics between global financial and product markets, global production chains, national and international employment actors and institutions and the ways in which these relationships play out in different national contexts. This textbook is the first to present a cross-section of country studies, including all four BRIC countries, Brazil, Russia, India and China alongside integrative thematic chapters covering all the important topics needed to excel in this field. The textbook also benefits from the editors' and contributors' experience as leading scholars in Employment Relations. The book is an ideal resource for students on advanced undergraduate and postgraduate comparative programmes across areas such as Employment Relations, Human Resource Management, Political Economy, Labour Politics, Industrial and Economic Sociology, Regulation and Social Policy.
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International Strategy of Emerging Market Firms

Absorbing Global Knowledge and Building Competitive Advantage

Author: Andrei Panibratov

Publisher: Taylor & Francis

ISBN: 1317447484

Category: Business & Economics

Page: 422

View: 3138

Emerging economies are expected to be in the driver's seat of the global economy in the medium and long term. Large multinational corporations will account for much of this activity. In this textbook, Andrei Panibratov explains how emerging market firms accumulate and exploit market knowledge to develop competitive advantages whilst operating globally. Chapters dedicated to the key emerging economies - Brazil, Russia, India and China (BRIC) - are enhanced by detailed case studies of large firms’ activities. The book is divided into four parts, focusing on the following: An outline of the relevant terminology and the context of the international strategy of emerging market firms, providing an introductory foundation for the whole book. A guide to the evolution of perspectives regarding international strategy, designed to illustrate the changes and trends in the recent academic research on internationalization. A country-by-country illustration of the internationalization of BRIC economies and firms, providing an overall picture of each country’s global integration, outward investments, and strategies. The concepts and practices behind the strategies employed by different firms. Written by an established international business scholar, this book is essential reading for students of international strategy who wish to understand the importance of the emerging economies.
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Social, Political and Cultural Challenges of the BRICS

Author: Ribeiro, Gustavo Lins,Dwyer, Tom

Publisher: Langaa RPCIG

ISBN: 9956792144

Category: Social Science

Page: 504

View: 2080

For the almost 40 years of its existence, ANPOCS has contributed to introducing or consolidating new thematic areas in the academic agenda of debates in the Brazilian social sciences. Commensurate with this history, at the 37th Annual meeting, hosted in Águas de Lindoia, São Paulo, in 2013, we organized a large International Symposium, The BRICS and their social, political and cultural challenges on the national and international levels. There were six sessions of debates, gathered under the umbrella of "Development and public policies," "Social inclusion and social justice," and "Emerging powers and transformations in the international system," followed by a final plenary session. Around 30 anthropologists, political scientists, sociologists and researchers in international relations from Brazil, Russia, India, China and South Africa, met over three highly productive days. As might be expected at ANPOCS, the encounter was marked not only by the diversity of countries and disciplines, but also by the theoretical and political diversity of the participants, something already apparent in the composition of the Brazilian coordinators of the Symposium. This book is just one tangible outcome of the papers and dialogues emerging from this encounter. Like the Symposium, the volume is divided into three sections. Looking to address an international readership, it is published in Portuguese and English
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The Urban Transport Crisis in Emerging Economies

Author: Dorina Pojani,Dominic Stead

Publisher: Springer

ISBN: 3319438514

Category: Social Science

Page: 301

View: 9220

This edited volume discuses urban transport issues, policies, and initiatives in twelve of the world’s major emerging economies – Brazil, China, Colombia, India, Indonesia, Iran, Mexico, Nigeria, Russia, South Africa, Turkey, and Vietnam - countries with large populations that have recently experienced large changes in urban structure, motorization and all the associated social, economic, and environmental impacts in positive and negative senses. Contributions on each of these twelve countries focus on one or more major cities per country. This book aims to fill a gap in the transport literature that is crucial to understanding the needs of a large portion of the world’s urban population, especially in view of the southward shift in economic power. Readers will develop a better understanding of urban transport problems and policies in nations where development levels are below those of richer countries (mainly in the northern hemisphere) but where the rate of economic growth is often increasing at a faster rate than the wealthiest nations.
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Structural Change and Industrial Development in the Brics

Author: Wim A. Naudé,Adam Szirmai,Nobuya Haraguchi

Publisher: OUP Oxford

ISBN: 0198725078

Category: Business & Economics

Page: 572

View: 7123

The global economy has been irrevocably changed by the dramatic economic rise of their five countries collectively referred to as the BRICS - Brazil, Russia, India, China, and South Africa. This book plots their rise and provides a unique analysis of the patterns of structural change that has accompanied the development of these countries. Focusing particularly on the manufacturing sector as a potential engine of growth, it asks how and why did the manufacturingsector emerge in these countries, what accounts for the spectacular manufacturing success of China, what are the differences between the experiences, including successes and failures of the BRICS, andwhat lessons are there for the industrial policies that many other countries are today trying to implement?
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Corporate Governance in Developing and Emerging Markets

Author: Franklin N. Ngwu,Onyeka K Osuji,Frank H. Stephen

Publisher: Routledge

ISBN: 1317353862

Category: Business & Economics

Page: 360

View: 5026

Throughout the world, the Anglo-American model of corporate governance tends to prevail – but no two countries are identical. Governance outcomes in developing and emerging economies often deviate from what theory predicts, due to a wide range of factors. Using insights from New Institutional Economics, Corporate Governance in Developing and Emerging Markets aims to explain the different issues and cultural and legal factors at play, and put forward an alternative governance framework for these economies. Structured in three parts, this text investigates different models of corporate governance; it explores the realities of corporate governance in ten nations, including the ‘BRICS’ (Brazil, Russia, India, China and South Africa) and ‘MINT’ (Mexico, Indonesia, Nigeria and Turkey) countries; and then considers corporate governance reform. This interdisciplinary text will be a valuable tool for students of corporate governance across Business, Economics and Law; and an equally useful resource for anyone working in or carrying out research in this area.
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Operating in Emerging Markets

A Guide to Management and Strategy in the New International Economy

Author: Luciano Ciravegna,Robert Fitzgerald,Sumit K. Kundu

Publisher: Pearson Education

ISBN: 0132983389

Category: Business & Economics

Page: 340

View: 2433

Master a complete roadmap for emerging market business success and profitability! Emerging markets are generating unprecedented opportunities, but they are far more complex and risky than they may seem. Profiting in these markets entails retooling business models, products, and strategies to exploit these differences, instead of falling victim to them. Too many American, European and Japanese companies continue to operate with a “developed world” mentality that seeks to merely adapt existing products and strategies, while underestimating the unique challenges of managing a business in radically different contexts. Operating in Emerging Markets draws from real-life examples and today's most valuable research to offer a step-by-step blueprint for improving profitability in emerging markets. Pioneering researchers Dr. Luciano Ciravegna and Dr. Robert Fitzgerald walk you through understanding the true risks and challenges; identifying and investing the right resources; developing the right strategies, products, and processes; and learning from both the successes and failures that have come before you. An indispensable resource for all decision-makers in companies that are (or plan to) operating in emerging markets; and for all graduate business students who may do so in the future. "Publications devoted to rapidly transforming economies are on the rise, but the contribution is often marginal. This new book, Operating in Emerging Markets , authored by Luciano Ciravegna, Robert Fitzgerald, and Sumit Kundu, is an exception. It provides valuable insights into what makes these economies grow and prosper. Most importantly, it responds to the need for practical approaches to tapping emerging markets. Thus it should assist current and future managers in navigating these high-potential but high-risk countries." --S. Tamer Cavusgil, Callaway Professorial Chair and Executive Director, CIBER, J. Mack Robinson College of Business. Georgia State University
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Uprising

Will Emerging Markets Shape or Shake the World Economy?

Author: George Magnus

Publisher: John Wiley & Sons

ISBN: 9780470975336

Category: Political Science

Page: 368

View: 7646

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.
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Ruling Capital

Emerging Markets and the Reregulation of Cross-Border Finance

Author: Kevin P. Gallagher

Publisher: Cornell University Press

ISBN: 0801454603

Category: Political Science

Page: 232

View: 8791

In Ruling Capital, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level. Gallagher also shows that some EMDs, particularly the BRICS coalition, were able to maintain or expand their sovereignty to regulate cross-border finance under global economic governance institutions. Gallagher combines econometric analysis with in-depth interviews with officials and interest groups in select emerging markets and policymakers at the International Monetary Fund, the World Trade Organization, and the G-20 to explain key characteristics of the global economy. Gallagher develops a theory of countervailing monetary power that shows how emerging markets can counter domestic and international opposition to the regulation of cross-border finance. Although many countries were able to exert countervailing monetary power in the wake of the crisis, such power was not sufficient to stem the magnitude of unstable financial flows that continue to plague the world economy. Drawing on this theory, Gallagher outlines the significant opportunities and obstacles to regulating cross-border finance in the twenty-first century.
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Emerging Market Firms in the Global Economy

Author: Chinmay Pattnaik,Vikas Kumar

Publisher: Emerald Group Publishing

ISBN: 1784410659

Category: Business & Economics

Page: 260

View: 4569

The adoption of pro-market economic reforms by emerging market economies in last two decades has transformed the institutional context for firms in these economies. The objective of this volume is to better understand how domestic and foreign firms have transformed their strategy, organization and management system in response to this change.
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