Political Economy of Emerging Markets

Taylor & Francis

The Political Economy of Emerging MarketsVarieties of BRICS in the Age of Global Crises and Austerity\nAuthor(s): Richard Westra\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138121225, 978-1138121225\nSynopsis\nRapid and sustained growth in the twenty-first-century global economy of large developing economies including Brazil, Russia, India, China, and South Africa, has captivated policy-makers and popular business press pundits alike. The coining of the new acronym BRICS and widespread adoption in international economics discourse of the designation \""emerging markets\"" is symptomatic of that interest.\n\nThe Political Economy of Emerging Markets situates the BRICS phenomena in the global economic context of advanced economies continuing to languish in recession and hovering over a deflationary abyss several years after the meltdown. A key question this volume seeks to answer is whether the BRICS and so-called \""emerging ma.