Book
Southern Engines of Global Growth

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 of globalization, in which the Southern Engines have a primary role, faces a mixed set of interconnections wherein countries and economic agents are linked closely together by trade in goods and services, flows of capital, and movements of talent and skills. Much has been written about the spectacular performance of the Asian Giants, China and India. Arising from a UNU-WIDER research project, this collection goes further by studying the substantial contribution of other large emerging countries such as Brazil and South Africa. Using a wealth of data, as well as case studies, the book provides a detailed history review of industrialization and economic development. The volume explores the foundations of the Southern Engines development experiences, and how these could provide resourceful lessons to the developing world. Additionally, the foremost patterns of international politics and governance are dealt with by leading scholars, who critically assess how the Southern Engines have contributed to rebalance geopolitics. This volume is a stand alone reference for researchers and policy makers concerned with international development and global governance. The studies jointly provide valuable insights for other developing countries in the pursuit of sustainable growth and forward looking development strategies.

Table of contents
  1. 1. Introduction: Southern Engines of Global Growth
    Amelia U. Santos-Paulino and Guanghua Wan
  2. Part I: Historical, Economic and Political Context
    2. China, India, Brazil, and South Africa in the World Economy: Engines of Growth?
    Deepak Nayyar
    More Working Paper | China, India, Brazil and South Africa in the World Economy
  3. Part I: Historical, Economic and Political Context
    3. Southern Engines of Global Growth: Very Long Cycles or Short Spurts?
    Meghnad Desai
    More Working Paper | Southern Engines of Global Growth
  4. Part II: Development Approaches and Growth Paths
    4. China's Economic Growth: Trajectories and Evolving Institutions
    Jun Zhang
    More Working Paper | China’s Economic Growth
  5. Part II: Development Approaches and Growth Paths
    5. Global Growth and Distribution: Are China and India Reshaping the World?
    Maurizio Bussolo, Rafael E. de Hoyos, Denis Medvedev and Dominique van der Mensbrugghe
    More Working Paper | Global Growth and Distribution
  6. Part II: Development Approaches and Growth Paths
    6. Vietnam Following in China's Footsteps: The Third Wave of Emerging Asian Economies
    Jean-Raphael Chaponnière, Jean-Pierre Cling and Bin Zhou
    More Working Paper | Vietnam Following in China’s Footsteps
  7. Part III: The Role of Capital Flows, Investments and Trade
    7. The Liberalization of Capital Outflows in CIBS: What Opportunities for Other Developing Countries?
    Ricardo Gottschalk and Cecilia Azevedo Sodre
    More Working Paper | The Liberalization of Capital Outflows in CIBS
  8. Part III: The Role of Capital Flows, Investments and Trade
    8. CIBS, Capital Flows, and Exchange Rates: What Lessons Have Been Learnt since the East Asian Crisis in 1997/98?
    Marion Pircher
    More Working Paper | What Lessons have been learnt since the East Asian Crisis in 1997/98?
  9. Part III: The Role of Capital Flows, Investments and Trade
    9. Foreign Direct Investment from China, India, and South Africa in sub-Saharan Africa: A New or Old Phenomenon?
    John Henley, Stefan Kratzsch, Mithat Külür and Tamer Tandogan
    More Working Paper | Foreign Direct Investment from China, India and South Africa in Sub-Saharan Africa
  10. Part III: The Role of Capital Flows, Investments and Trade
    10. National Policies to Attract FDI in R&D: An Assessment of Brazil and Selected Countries
    Mariana Zanatta, Eduardo Strachman, Flavia Carvalho, Pollyana C. Varrichio, Edilaine Camillo and Mariana Barra
    More Working Paper | National Policies to Attract FDI in R&D
  11. Part III: The Role of Capital Flows, Investments and Trade
    11. Foreign Direct Investment and Trade in the Southern African Development Community
    Henri Bezuidenhout and Wim Naudé
    More Working Paper | Foreign Direct Investment and Trade in the Southern African Development Community
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