Handbook of BRICS and Emerging Economies

by PB Anand (Editor), Shailaja Fennell (Editor), Flavio Comim (Editor)

Overview

Ever since Jim O'Neill at Goldman Sachs coined the term BRICS in 2001 there have been many different assessments of these major emerging economies, with some even proclaiming that the promise of the BRICS (comprising Brazil, Russia, India, China, and South Africa) is over. However, the so called 'arranged marriage' still seems to be working well, with the club having become a formal international forum, with summit declarations, ministerial meetings, and numerous BRICS-wide fora. Is this euphoria misplaced? Is there a BRICS model of economic and human development? Are inequalities increasing and is this the denouncement of the economic successes? Are geo-political tensions rising between these nations? During the post COVID-19 situation, the importance of bilateral and multilateral co-operation mechanisms and institutions is becoming clear. This book focuses on one such emerging co-operation mechanism of BRICS but also more widely on those five countries and other similar economies. As a global depression looms large, global economic recovery depends on the performance of not only its largest economies but also many other important and significant economies within the so called G20 group. Even prior to the COVID-19 outbreak multilateral institutions have been under considerable strain, as with the relationship between the United States of America and China, and risks to global economic recovery appear very real. This book brings together multi-disciplinary perspectives from over sixty scholars and it presents a comprehensive and deep dive into the BRICS and emerging economies and into an understanding the political, economic, and social contexts that can help in designing approaches for recovery and regaining the last momentum in the journey towards the Sustainable Development Goals.

Product Details

ISBN-13:	9780192562562
Publisher:	OUP Oxford
Publication date:	12/16/2020
Sold by:	Barnes & Noble
Format:	eBook
Pages:	1104
File size:	15 MB
Note:	This product may take a few minutes to download.

About the Author

P.B. Anand is Professor of Public Policy and Sustainable Development and Head of Peace Studies and International Development at the University of Bradford. He is a member of the Council of the Development Studies Association and a Fellow of the Human Development and Capability Association. He previously worked in a development bank in India and managed an executive education programme portfolio at Bradford for the staff of China Development Bank (2007-13) and the Aga Khan Foundation (2013-15). He was the principal author and team leader of the Mongolia Human Development Report 2011 and contributed to UNDP studies on climate change, extractive economies, and sustainable development. He is the author of Scarcity, Entitlements and the Economics of Water in Developing Countries (2007) and many papers on global public goods, access to water and smart cities. With Flavio Comim and Shailaja Fennell, he edited New Frontiers of the Capability Approach (Cambridge University Press, 2018). Shailaja Fennell is Reader in Regional Transformation and Economic Security at the Department of Land Economy, University of Cambridge. She is a Fellow of the Human Development and Capability Association and a member of the governing council of the Development Studies Association (UK). She has undertaken more than two decades of research in both Asian and African countries, and has been a consultant with the World Bank, DFID, Oxfam and ASEAN. Her previous publications include Rules, Rubrics and Riches: The Interrelations between Legal Reform and International Development (2010), and she has published papers in the fields of comparative regional development to examine how the lives of rural and urban communities have been affected by the nature and directives of development policy. Flavio Comim is a Development Economist and an Associate Professor of Economics at the IQS School of Management, Ramon Llull University in Spain and an Affiliated Lecturer at Land Economy University of Cambridge. He has worked for the United Nations Development Programme (UNDP) and has been a consultant for UNESCO, WHO, UNEP (UN Environment Programme), and ILO in several development projects. He has co-edited several books, including The Capability Approach: Concepts, Measures and Applications (2008), with Mozaffar Qizilbash and Sabina Alkire; Capabilities and Happiness (2008), with Luigino Bruni and Maurizio Pugno; Capabilities, Gender, Equality (2014), with Martha Nussbaum; and New Frontiers of Human Development with Shailaja Fennell and P.B. Anand (2018).

Table of Contents

Section I: Introduction
1. BRICS and emerging economies: an assessment, PB Anand, Shailaja Fennell, and Flavio Comim
Section II: Economic Perspectives, Resources, and Development
2. WTO and the BRICS: a historical perspective, Martin Daunton
3. BRICS and other emerging economies, Deepak Nayyar
4. Growth, employment, and social protection in BRICS, Moazam Mahmood and Florence Bonnett
5. Development banks in BRICS with a focus on Brazil, John Weiss
6. Capitalizing the world, Vinode Ramgopal and Ashish Kalra
7. Financial inclusion and financial stability in India, Rashmi Arora
8. Informal sector in China and India, Mario Biggieri
9. Rural-urban migration and its multi-dimensional impacts in China, Dan Meng, Yan Gao, and Xioayang Li
10. Extractive economies, institutions, and development: Implications for BRICS and emerging economies, PB Anand
11. Africa's extractive economies, Degol Hailu
12. Building BRICS in Africa, Padraig Carmody
13. Cotton production and trade in West Africa, Richard Sidebottom
Section III: Social Development Challenges and Perspectives
14. Publicness and human development: an illustration from BRICs, Flavio Comim
15. Reason, argument, and agitation: can South Africa follow in the footsteps of the BRICS countries?, David Clark
16. Education in BRICS, A Dalcin, T Kang, Daiane Zanon, Felipe Belle, Luana Betti, , Fabio Rasche Jr, Daiane Zanon, and F Comim
17. Early childhood and human development, G Garibotto
18. Building world class universities in BRICS: reflections, C. Raj Kumar
19. Hijacking of social protection by cash transfers- the case of Bolsa Familia, Kenia Parsons
20. Social protection in Mexico, Miguel Nino Zarazua
21. Minimum wages and inequality in Mexico: an example (not) to follow, Alice Krozer, Stephanie Garry, and Juan-Carlos Moreno Brid
22. The illegal trade in organs and poverty in India: a comparative analysis with Brazil and China, S Chatterjee
Section IV: Inequality and Political Economies
23. Demography and roots of gender inequality in BRICS, Prabir Bhattacharya and Vibhor Saxena
24. Equality of opportunity in Brazil and India: an empirical exercise for the 1993-2013 period., Sabino da Silva Porto Junior, Bernardo Frederes Kramwr Alcalde, and Izete Pengo Bagolin
25. Women and identity: negotiating institutional pathways to claim rights in China and India, Shailaja Fennell
26. Violence and the BRICS, Lucy McMahon
27. Saemaul Undong women's club in Korea: a bottom up case of women's empowerment, Ga-Young So
28. Inequality and crime in Latin America, Catalina Dropplemann and Nicolas Trajenberg
29. The political economy of inequality in Chile: the role of institutions and power, Javier Gonzalez-Dias
30. Development and inequality in the African lions, David Potts
Section V: Sustainable Development Issues
31. Happiness in BRICS, Tadashi Hirai
32. Cities, oil, and national development, Franklin Obeng-Odoom
33. Institutional changes in the oil industry: China versus Russia, Nicholay Kolev and Yue Xu
34. Is Russia going green?, Olga Ulybina
35. Indigenous communities, ICT and rural development: case studies in Tanzania and Sarawak, Malaysia, Terry van Gevelt
36. Food security in Central Asia and implications for BRICS, Suresh Babu and Kamiljon Akramov
Section VI: Governance Issues
37. Humane global governance: an area for the future where progress inches forward, Richard Jolly
38. Governing a complex global financial system in the age of global instabilities and BRICs, Haider Khan
39. Governing dynamics of a changing global order: case for the developing countries, Deepanshu Mohan
40. United Nations? The BRICS and international peace keeping, Paul Jackson
41. Emerging powers coalitions: India and Brazil examined, Cassandra Sweet
42. Economic, political, and social transformation in Brazil: a study in disorderly progress, Sunil Tankha
43. Reshaping Eurasia: Russian and Chinese regional approaches, Vsevolod Samokhlov
44. Turkey: always at crossroads, never quite there, Utku Teksoz

Editorial Reviews

"This Handbook covers an astonishingly diverse range of topics in the economics, political economy, human development, global governance and inter-governmental relations of BRICS and emerging economies. It achieves the formidable feat of exploring most of those topics comparatively across different countries, marrying detailed empirical data with incisive analytical reflection. The book will be an immensely rich, authoritative, and comprehensive resource for academics and policy-makers alike." — Professor Nandini Gooptu, Oxford Department for International Development

"When I coined the expression BRICs twenty years ago, I highlighted the importance of re-thinking the role of emerging economies and their potential in global economic prospects. I am thrilled to see this book comes out just in time for the twentieth anniversary. It is an exhaustive compilation of 43 chapters that provide an in-depth coverage of social, economic, environmental, institutional and global governance dimensions. Nearly a decade after my coining the expression, the five countries came together with formal summits. Presently at G7 and G20, the role of these economies and involving them for better global governance is being recognised. The ideas discussed in this book will be very useful for researchers as well as policy economists to navigate the complexities of global economic prospects over the coming decades. I am delighted to recommend this book to anyone interested in these issues." — Lord Jim O'Neill

"BRICS and emerging economies tend to be understood either as countries at an interim 'half-way point' on the development journey, as nations confronting a decisive set of unique policy challenges (e.g., 'the middle-income trap'), or as distinctive institutional actors offering (e.g., via the New Development Bank) an alternative model for giving and receiving development assistance. This carefully curated Handbook provides readers with insights on all three approaches, offering constructive analytical, empirical, and policy foundations on which to advance theory and practice." — Michael Woolcock, World Bank and Harvard University

"A very comprehensive book on the BRICS countries and other emerging economies covering a whole range of issues from social, environmental, political and governance and legal institutions. This book will be an asset for scholars wanting to carry out a comparative study on BRICS countries and other emerging economies." — Professor Subrata Sarkar, Indira Gandhi Institute of Development Research, Mumbai, India

"This is a formidable compilation of essays on diverse aspects of development in many of the new powerhouses of the global economy. The scope is outstanding, covering country-specific challenges and successes, as well as broader issues of global governance and collaboration that are so vital in these uncertain times." — Professor Ivan Turok, Executive Director of Human Sciences Research Council (HSRC) of South Africa and Editor in Chief of Regional Studies

"The Handbook of BRICS and Emerging Economies, edited by PB Anand, Shailaja Fennell, and Flavio Comim, will serve as an authoritative analysis of emerging economies for many years to come. The list of contributors to the volume and the coverage of topics is impressive. A must read for scholars and practitioners alike." — Kunal Sen, Director, UNU-WIDER

From the Publisher