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The Rise of the BRICS in the Global Political Economy

Changing Paradigms? Edited by Vai Io Lo, Professor of Law, Bond University, Australia and Mary Hiscock, Emeritus Professor of Law, Bond University, Australia
Taking an interdisciplinary approach, Vai Io Lo and Mary Hiscock, together with scholars and researchers from around the world, investigate the rise of the BRICS and assess the extent of their further development and influence from the perspectives of economics, international relations and law.
Extent: 352 pp
Hardback Price: $147.00 Web: $132.30
Publication Date: 2014
ISBN: 978 1 78254 546 0
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  • Development Studies
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Political Economy
  • Politics and Public Policy
  • Political Economy
Taking an interdisciplinary approach, Vai Io Lo and Mary Hiscock, together with scholars and researchers from around the world, investigate the rise of the BRICS and assess the extent of their further development and influence from the perspectives of economics, international relations and law.

Brazil, Russia, India, and China are expected to become the world’s most influential economies, surpassing the current richest economies, by the middle of the 21st century. With the inclusion of South Africa in 2010, the BRICS span across four continents, creating an abundance of geopolitical clout, in addition to their potential economic dominance. This book examines the economic developments of individual BRICS countries, the current politico-economic condition of the BRICS vis-à-vis non-BRICS countries or groups, and the potential of the BRICS to bring about changing paradigms in the global political economy.

This book is an essential resource for academics, researchers and students who are interested in the rise, development and impact of the BRICS economies. It will also be of interest to economists, political scientists, and specialists in international trade and investment.
'Lo and Hiscock provide the reader with the opportunity to look at the BRICS in a much broader way. Bringing together scholars of international relations, law and economics, this book reminds us that the economic success of the BRICS depends not only on economic growth and trade, but also the future relations with the developed world and domestic reforms. '
– Tevfik Murat Tildirim, European Political Science
Contributors: M. Ariff, R. Arora, L. Boulle, J. Chella, M. Conley Tyler, R. Dos Santos, J. Farrar, S. Fortescue, U. Ghori, M. Hiscock, D.B. Karimova, A. Khalid, R. Lahiri, E.T. Laryea, S. Lin, V.I. Lo, A.J. Makin, B. Nanda, M.P. Ramaswamy, S. Ratnasiri, M. Sornarajah, M. Thirlwell, M. Thomas
Contents:

1. The BRICS – an Indian Perspective
H.E. Mr Biren Nanda

2. How Solid are the BRICS? An Economic Overview
Anthony J. Makin and Rashmi Arora

3. Fiscal Policy and China’s Economic Growth
Shuanglin Lin

4. Productivity Differences, Technology Adoption and Economic Growth: The Case of India
Radhika Lahiri and Shyama Ratnasiri

5. Brazil: A Soft Power Rising with the BRICS Towards a Multipolar World
Raquel Dos Santos

6. Sino-Brazilian Trade and Antidumping Concerns
Muruga Perumal Ramaswamy

7. Joining the BRICs – the Case of South Africa
Laurence Boulle and Jessie Chella

8. Implications of the Rise of the BRIC Countries for Africa
Emmanuel T. Laryea

9. The BRICS: Experiments with State Capitalism and Institutional Investment
John Farrar and Mohamed Ariff

10. The Power of the BRICS in the World Trade and Growth, Analysing the Macroeconomic Impacts Within and Across
Ahmed Khalid

11. The BRICS+: Fault Lines and Opportunities
Umair Ghori

12. The BRICS – Model for the Earth Living
Dilyara B. Karimova

13. The BRICS and Russia
Stephen Fortescue

14. New Players, New Rules? The BRICS and Global Economic Governance
Mark Thirlwell

15. BRICS and Mortar(s): Breaking or Building the Global System?
Melissa Conley Tyler and Michael Thomas

16. China’s Path to Development: Does Law Matter?
Vai Io Lo

17. The Role of the BRICS in International Law in a Multipolar World
Muthucumaraswamy Sornarajah

18. Conclusions: The BRICS – Ascendancy, Decline or Plateau?
Mary Hiscock and Vai Io Lo