Book Details


Emerging States and Economies

Publication year: 2019

ISBN: 978-981-13-2634-9

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This book asks why and how some of the developing countries have “emerged” under a set of similar global conditions, what led individual countries to choose the particular paths that led to their “emergence,” and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.

Subject: Economics and Finance, emerging state, BRIC, middle-income trap, global history, globalization, China model, Beijing Consensus, Regional trade, Colonial state, Economic agglomeration, Developmental state, Knowledge economy, China, India, ASEAN, Economic Policy, Development Economics, History of China, History of South Asia, Governance and Government, International Political Economy