Description
Book SynopsisTrade Review"Elsenhans and Babones critique development orthodoxies with aplomb, providing clear guidance on what can be done at a policy level. The authors' knowledge of relevant theory and debates, brought together with original data, results in an impressive synthesis of argument and evidence."—Robert Holton, Trinity College Dublin
"Covering a wide range of theory and empirical evidence, this concise, critical survey chronicles the rise of the BRICS and the policy dilemmas that they face. Highly recommended."—Ray Kiely, Queen Mary University of London, author of
The BRICs, US "Decline" and Global Transformations"This is a wonderful introduction to the critical policy problems facing the BRICS and to the wide-ranging and deeply insightful global political economy of Hartmut Elsenhans, one of the undersung giants in the field."—Craig N. Murphy, Wellesley College
"This remarkable book provides a practical road map with theoretical underpinnings about how BRICS countries, despite enormous differences in their socio-political systems, can coalesce for the common goal of escaping the 'low or middle income trap.' The intellectual challenge that the authors pose to conventional market-oriented wisdom is a must-consider for concerned economists and politicians."—Amit Bhaduri, Jawaharlal Nehru University
"This is a well-written book on a very important subject: the BRICS. At times provocative and controversial, it is most interesting and highly readable."—Lim Chong Yah, National University of Singapore and Nanyang Technological University
"Are the BRICS caught in the middle-income 'trap,' facing a structural 'barrier' to further development? Through a detailed examination of the recent slowdown in these economies, this book offers a compelling theoretical analysis and a clear, actionable set of policies to overcome the barrier."—Jan Kregel, Director of Research, Levy Economics Institute, Bard College
Table of ContentsIntroduction
1. The BRICS Trajectories: Economic, Political, and Social
2. The Role of the State in Economic Development
3. Mass Demand as the Basis of Growth
4. Selective Links to the World Market
Conclusion
