Handbook of BRICS and Emerging Economies

by PB Anand, Shailaja Fennell, Flavio Comim

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:	9780198827535
Publisher:	Oxford University Press
Publication date:	02/16/2021
Pages:	1184
Product dimensions:	9.80(w) x 7.50(h) x 2.70(d)

About the Author

PB Anand, Professor of Public Policy and Sustainable Development, University of Bradford, UK,Shailaja Fennell, Reader, Department of Land Economy, University of Cambridge, UK,Flavio Comim, Associate Professor of Economics, University Ramon Llull/IQS, Spain

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: Introduction1. BRICS and emerging economies: an assessment, PB Anand, Shailaja Fennell, and Flavio ComimSection II: Economic Perspectives, Resources, and Development2. WTO and the BRICS: a historical perspective, Martin Daunton3. BRICS and other emerging economies, Deepak Nayyar4. Growth, employment, and social protection in BRICS, Moazam Mahmood and Florence Bonnett5. Development banks in BRICS with a focus on Brazil, John Weiss6. Capitalizing the world, Vinode Ramgopal and Ashish Kalra7. Financial inclusion and financial stability in India, Rashmi Arora8. Informal sector in China and India, Mario Biggieri9. Rural-urban migration and its multi-dimensional impacts in China, Dan Meng, Yan Gao, and Xioayang Li10. Extractive economies, institutions, and development: Implications for BRICS and emerging economies, PB Anand11. Africa's extractive economies, Degol Hailu12. Building BRICS in Africa, Padraig Carmody13. Cotton production and trade in West Africa, Richard SidebottomSection III: Social Development Challenges and Perspectives14. Publicness and human development: an illustration from BRICs, Flavio Comim15. Reason, argument, and agitation: can South Africa follow in the footsteps of the BRICS countries?, David Clark16. Education in BRICS, A Dalcin, T Kang, Daiane Zanon, Felipe Belle, Luana Betti, , Fabio Rasche Jr, Daiane Zanon, and F Comim17. Early childhood and human development, G Garibotto18. Building world class universities in BRICS: reflections, C. Raj Kumar19. Hijacking of social protection by cash transfers- the case of Bolsa Familia, Kenia Parsons20. Social protection in Mexico, Miguel Nino Zarazua21. Minimum wages and inequality in Mexico: an example (not) to follow, Alice Krozer, Stephanie Garry, and Juan-Carlos Moreno Brid22. The illegal trade in organs and poverty in India: a comparative analysis with Brazil and China, S ChatterjeeSection IV: Inequality and Political Economies23. Demography and roots of gender inequality in BRICS, Prabir Bhattacharya and Vibhor Saxena24. 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 Bagolin25. Women and identity: negotiating institutional pathways to claim rights in China and India, Shailaja Fennell26. Violence and the BRICS, Lucy McMahon27. Inequality and crime in Latin America, Catalina Droppelmann Roepke and Nicolas Trajenberg28. The political economy of inequality in Chile: the role of institutions and power, Javier Gonzalez-Diaz29. Development and inequality in the African lions, David PottsSection V: Sustainable Development Issues30. Happiness in BRICS, Tadashi Hirai31. Cities, oil, and national development, Franklin Obeng-Odoom32. Institutional changes in the oil industry: China versus Russia, Nicholay Kolev and Yue Xu33. Is Russia going green?, Olga Ulybina34. Indigenous communities, ICT and rural development: case studies in Tanzania and Sarawak, Malaysia, Terry van Gevelt35. Food security in Central Asia and implications for BRICS, Suresh Babu and Kamiljon AkramovSection VI: Governance Issues36. Humane global governance: an area for the future where progress inches forward, Richard Jolly37. Governing a complex global financial system in the age of global instabilities and BRICs, Haider Khan38. Governing dynamics of a changing global order: case for the developing countries, Deepanshu Mohan39. United Nations? The BRICS and international peace keeping, Paul Jackson40. Emerging powers coalitions: India and Brazil examined, Cassandra Sweet41. Economic, political, and social transformation in Brazil: a study in disorderly progress, Sunil Tankha42. Reshaping Eurasia: Russian and Chinese regional approaches, Vsevolod Samokhlov43. 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