This volume offers a critical analysis of the rise of the BRICS countries' economies within the framework of a global capitalism that is increasingly predatory, exclusionary and unequal, no more so than in the BRICS countries themselves. The authors reflect upon the rise of a Global South (and East), which is sometimes cooperative with and sometimes antagonistic to the traditional powers of the US, Europe and Japan. Most importantly, BRICS's rise occurs in the context of the expansion of capitalism in the 21st century, and also in the midst of world capitalism's worst crisis since the 1930s. The point of this analysis is, firstly, to promote debate between social movements, organised labour and other activists in the struggle for social justice and for alternatives to the current international capitalist order. BRICS is a new area of concern for many. The second goal is to generate critical debate on contemporary themes and theoretical discussions.

The past few decades have witnessed the development of an increasingly globalised and multipolar world order, in which the demand for multilateralism becomes ever more pronounced. The BRICS group established in 2009, has evolved into a plurilateral summit institution recognized both by sceptics and proponents as a major participant in the international system. Addressing the BRICS's role in global governance, this book critically examines the club's birth and evolution, mechanisms of inter-BRICS cooperation, its agenda priorities, BRICS countries' interests, decisions made by members, their collective and individual compliance with the agreed commitments, and the patterns of BRICS engagement with other international institutions.

This book presents a comprehensive treatise on the present state and long-term vision of the New Development Bank (NDB) of the BRICS headquartered at Shanghai, China. The Bank is an attempt at financial and economic cooperation among the economies of the BRICS countries.

Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws.

Written by experts and scholars from BRICS countries, with the support of BRICS governments, this is the first study to reflect on the capabilities and synergies of these economies. The BRICS economies weathered the global economic crisis rather well. This study puts together the collectivewisdom of their leading economic institutions, finance ministries, central banks, and research institutes. The study is significant since it is an insiders' account of how the various economies grappled with the global financial crisis and eventually emerged relatively unscathed.The report also outlines best practices which have given socio-economic resilience to these countries. At the same time, the study is forward-looking and deals with the likely challenges these economies would face in the future and outlines areas where the BRICS can cooperate for improving nationaland global socio-economic outcomes. In view of the increasing importance of international engagement in the post-global financial crisis world, this study is a pioneering work in a new type of literature - the multilateral policy research document.

All four authors of Building Bridges Among the BRICs take a close look at the national culture of their nations with their strengths and weaknesses for politics and business. They examine the origins of these cultures from the historical and geographical perspectives.

This book will provide an overview of the BRICS nations. Each chapter is authored by experienced lawyers, who will provide insights on demography, political and legal systems (including investment regulations, competition policies, IP laws, taxation and labour laws) in a clear and comprehensive manner. The book will serve as a preliminary and practical guide for lawyers, investors, corporations and entrepreneurs regarding the mode and methods of doing business in these jurisdictions.

In 2008, it appeared that the BRIC nations' economies would continue to provide growth opportunities for businesses of all kinds. After a decade of unprecedented growth, however, Brazil, Russia, India, and China have unexpectedly slowed. In this innovative book, expert contributors diagnose and examine the factors that might be responsible for the changing trends in the BRIC and other emerging market economies and that may determine the future course of these economies and their prospects for sustained growth.This volume offers valuable insights into a wide range of issues pertaining to emerging economies that demand the attention of researchers and practitioners. In particular, contributors explore topics such as the importance of innovation, internationalization trends of emerging market firms, sustainability and social issues, market liberalization and entrepreneurship, consumer behavior and customer relations.Rigorous scholarly research, including empirical work, andperspectives from emerging markets make this an essential resourcefor doctoral students, business academics and executives, andpoliticians and policy makers involved in developing nations and theireconomies.

Investments in BRIC countries have been a main driver of the significant increase of cross-border investment activity in recent years. But investments in these emerging economies entail significant risks as institutional voids, host governments and national champions dictate the local business conditions for multinationals. This study investigates decision processes underlying cross-border investments in BRIC countries and discusses their critical success factors. The empirical results show how internal and external forces influence corporate decision-making efficiency. Moreover, the study highlights country-specific challenges for corporations which consider investing in BRIC countries.

The Future BRICS provides in depth quantitative and qualitative questions and answers about the future of the BRICS Forum as a synergistic economic alliance and is a valuable resource for anyone interested in the ongoing international debate about the economic future and sustainability of the emerging markets in general.

Investing in BRIC Countries examines the economic structure and governance status of each BRIC nation--and then explains how to: Detect the malevolent influences of a powerful minority of shareholders; Protect yourself from misleading or false audits and risk assessments; Recognize regulatory weaknesses with regards to shareholder rights; Distinguish effective boards of directors from weak or corrupt ones. As the financial crises in Mexico, Russia,and Asia during the 1990s prove, corporate governance is the pivot on which an emerging market's success or failure hinges. Before entering one or more BRIC markets,perform the due diligence they require. Investing in BRIC Countries is the best tool available for mitigating your exposure to risky deals and other problems that can arise when dealing with international companies.

This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. The book examines their economic experiences and structural change in BRICS over the past three decades, identifying both differences and commonalities, and deriving lessons for other industrializing countries.