Southern Engines of Global Growth
Southern Engines of Global Growth
Cite
Abstract
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 book 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 industrialization and economic development. This book 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 and the book critically assesses how the Southern Engines have contributed to rebalance geopolitics.
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Front Matter
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1 Introduction: Southern Engines of Global Growth
Amelia U. Santos‐Paulino andGuanghua Wan
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Part I
Historical, Economic, and Political Contexts -
Part II
Development Approaches and Growth Paths-
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4 China's Economic Growth: Trajectories and Evolving Institutions
Jun Zhang
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5 Global Growth and Distribution: Are China and India Reshaping the World?
Maurizio Bussolo and others
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6 Vietnam Following in China's Footsteps: The Third Wave of Emerging Asian Economies
Jean‐Raphael Chaponnière and others
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4 China's Economic Growth: Trajectories and Evolving Institutions
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Part III
The Role of Capital Flows, Investment, and Trade-
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7 The Liberalization of Capital Outflows in China, India, Brazil, and South Africa: What Opportunities for Other Developing Countries?
Ricardo Gottschalk andCecilia Azevedo Sodré
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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
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9 Foreign Direct Investment from China, India, and South Africa in sub‐Saharan Africa: A New or Old Phenomenon?
John Henley and others
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10 National Policies to Attract Foreign Direct Investment in Research and Development: An Assessment of Brazil and Selected Countries
Mariana Zanatta and others
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11 Foreign Direct Investment and Trade in the Southern African Development Community
Henri Bezuidenhout andWim Naudé
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7 The Liberalization of Capital Outflows in China, India, Brazil, and South Africa: What Opportunities for Other Developing Countries?
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End Matter
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