BRICS or Bust?
Escaping the Middle-Income Trap
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 measur…
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Produktdetails
Weitere Autoren: Babones, Salvatore
- ISBN: 978-1-5036-0491-9
- EAN: 9781503604919
- Produktnummer: 23750317
- Verlag: Stanford University Press
- Sprache: Englisch
- Erscheinungsjahr: 2017
- Seitenangabe: 128 S.
- Plattform: EPUB
- Masse: 1'155 KB
- Auflage: 1. Auflage
Über den Autor
Hartmut Elsenhans is Professor Emeritus of International Relations at Leipzig University.Salvatore Babones is Associate Professor of Sociology at the University of Sydney.
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