Globalization and the BRICs: Why the BRICs Will Not Rule the World For Long

Hardcover | October 2, 2012

byFrancesca A. Beausang-Hunter, Francesca Beausang

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This book documents the recent ascent to economic and political power of Brazil, Russia, India and China (BRICs) and provides a vision of their future prospects. At a time when the Eurozone is calling on these countries to salvage it from indebtedness and President Obama struggles to demonstrate that "America is back", this book examines whether the facts support the widespread perception that the BRICs are turning into global economic and political powers. If they are, do the BRICs have what it takes to rule the world in the long-term?

In response to this question, this book presents an alternative vision of the BRICs' future. It suggests that any threat to Western domination from BRIC ascendancy is offset by excessive inequality and insufficient innovation, which could cause them to lose their economic dynamism and precipitate BRIC decline.

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This book documents the recent ascent to economic and political power of Brazil, Russia, India and China (BRICs) and provides a vision of their future prospects. At a time when the Eurozone is calling on these countries to salvage it from indebtedness and President Obama struggles to demonstrate that "America is back", this book examin...

FRANCESCA BEAUSANG is Senior Economist at 4CAST, where she covers both emerging markets and developed markets. Prior to that she worked as a strategist specializing in Eastern Europe and as UK economist. Before joining 4CAST, she was a lecturer in Development Studies at the London School of Economics. She was educated at the London Sc...

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Format:HardcoverDimensions:232 pages, 8.9 × 5.71 × 0.89 inPublished:October 2, 2012Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230243142

ISBN - 13:9780230243149

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Table of Contents

BRICSs: Beyond Developing?
BRICs and Global Economic Power
BRICs and Global Political Power
BRICs and Inequality
BRICs and the Silent Power of Ideas
The Innovation-Equality-Development Triangle