Southern Engines of Global Growth

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  • Format: Hardcover
  • Copyright: 2010-05-26
  • Publisher: Oxford University Press

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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

Author Biography

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 and a visiting scholar at the University of California, Davis. 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, and 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 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.

Table of Contents

List of Figuresp. xi
List of Tablesp. xv
List of Abbreviationsp. xvii
List of Contributorsp. xx
Introduction: Southern Engines of Global Growthp. 1
Historical, Economic, and Political Contexts
China, India, Brazil, and South Africa in the World Economy: Engines of Growth?p. 9
Southern Engines of Global Growth: Very Long Cycles or Short Spurts?p. 44
Development Approaches and Growth Paths
China's Economic Growth: Trajectories and Evolving Institutionsp. 57
Global Growth and Distribution: Are China and India Reshaping the World?p. 77
Vietnam Following in China's Footsteps: The Third Wave of Emerging Asian Economiesp. 114
The Role of Capital Flows, Investment, and Trade
The Liberalization of Capital Outflows in China, India, Brazil, and South Africa: What Opportunities for Other Developing Countries?p. 143
China, India, Brazil, and South Africa: Capital Flows and Exchange Rates. What Lessons Have Been Learnt since the East Asian Crisis of 1997-8?p. 172
Foreign Direct Investment from China, India, and South Africa in sub-Saharan Africa: A New or-Old Phenomenon?p. 207
National Policies to Attract Foreign Direct Investment in Research and Development: An Assessment of Brazil and Selected Countriesp. 236
Foreign Direct Investment and Trade in the Southern African Development Communityp. 263
Indexp. 283
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