Southern Engines of Global Growth

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Overview

China, India, Brazil, and South Africa are reshaping the world economy. These Southern Engines countries have experienced a dramatic transformation in their productive and trade capabilities, consequently turning into global super powers. The current age of globalization, in which the Southern Engines have a primary role, faces a mixed set of interconnections wherein countries and economic agents are linked closely together by trade in goods and services, flows of capital, and movements of talent and skills. Much has been written about the spectacular performance of the Asian Giants, China and India. Arising from a UNU-WIDER research project, this collection goes further by studying the substantial contribution of other large emerging countries such as Brazil and South Africa. Using a wealth of data, as well as case studies, the book provides a detailed history review of industrialisation and economic development.

The volume explores the foundations of the Southern Engines development experiences, and how these could provide resourceful lessons to the developing world. Additionally, the foremost patterns of international politics and governance are dealt with by leading scholars, who critically assess how the Southern Engines have contributed to rebalance geopolitics. This volume is a stand alone reference for researchers and policy makers concerned with international development and global governance. The studies jointly provide valuable insights for other developing countries in the pursuit of sustainable growth and forward looking development strategies.

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Product Details

  • ISBN-13: 9780199580606
  • Publisher: Oxford University Press, USA
  • Publication date: 5/26/2010
  • Pages: 320
  • Product dimensions: 6.10 (w) x 9.30 (h) x 0.90 (d)

Meet the Author

Amelia U. Santos-Paulino is a Research Fellow at the World Institute for Development Economics Research (UNU-WIDER) in Helsinki, Finland. Previously she was a Research Fellow at the Institute of Development Studies at the University of Sussex. She has served as a research economist at the Central Bank of the Dominican Republic and as an advisor to the Government of the Dominican Republic. She specializes in trade and development, with particular reference to developing and least developed countries, and her work has been published in several academic publications including the Economic Journal, and World Development. She has been a consultant for the United Nations Development Programme (UNDP), for the World Bank, and for the United Nations Conference on Trade and Development (UNCTAD). She holds a PhD in Economics from the University of Kent.
Guanghua Wan is a well-known China specialist and applied economist, author of an expansive list of books and published papers in top refereed journals. His recent work focuses on inequality and poverty in China and elsewhere and has appeared in the Review of Income and Wealth, Journal of Comparative Economics, and Review of Development Economics. He is among the leading group of researchers to develop and apply the regression-based inequality decomposition framework. Dr Wan has served as a consultant to many international organizations and advises the Chinese government on rural development, income distribution, and science and technology policies. He is honorary professor of several leading universities in China including Fudan University and Zhejiang University.

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Table of Contents

1 Introduction : Southern engines of global growth Amelia U. Santos-Paulino Santos-Paulino, Amelia U. Guanghua Wan Wan, Guanghua 1

2 China, India, Brazil, and South Africa in the world economy : engines of growth? Deepak Nayyar Nayyar, Deepak 9

3 Southern engines of global growth : very long cycles or short spurts? Meghnad Desai Desai, Meghnad 44

4 China's economic growth : trajectories and evolving institutions Jun Zhang Jun, Zhang 57

5 Global growth and distribution : are China and India reshaping the world? Maurizio Bussolo Bussolo, Maurizio Rafael E. De Hoyos De Hoyos, Rafael E. Denis Medvedev Medvedev, Denis Dominique van der Mensbrugghe van der Mensbrugghe, Dominique 77

6 Vietnam following in China's footsteps : the third wave of emerging Asian economies Jean-Raphael Chaponniere Chaponniere, Jean-Raphael Jean-Pierre Cling Cling, Jean-Pierre Bin Zhou Bin, Zhou 114

7 The liberalization of capital outflows in China, India, Brazil, and South Africa : what opportunities for other developing countries? Ricardo Gottschalk Gottschalk, Ricardo Cecilia Azevedo Sodre Sodre, Cecilia Azevedo 143

8 China, India, Brazil, and South Africa : capital flows and exchange rates : what lessons have been learnt since the East Asian crisis of 1997-8? Marion Pircher Pircher, Marion 172

9 Foreign direct investment from China, India, and South Africa in sub-Saharan Africa : a new or old phenomenon? John Henley Henley, John Stefan Kratzsch Kratzsch, Stefan Mithat Kulur Kulur, Mithat Tamer Tandogan Tandogan, Tamer 207

10 National policies to attract foreign direct investment in research and development : an assessment of Brazil and selected countries Mariana Zanatta Zanatta, Mariana Eduardo Strachman Strachman, Eduardo Flavia Carvalho Carvalho, Flavia Pollyanna C. Varrichio Varrichio, Pollyanna C. Edilaine Camillo Camillo, Edilaine Mariana Barra Barra, Mariana 236

11 Foreign direct investment and trade in the southern African development community Henri Bezuidenhout Bezuidenhout, Henri Wim Naude Naude, Wim 263

Index 283

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