Structural Change and Industrial Development in the BRICS

Structural Change and Industrial Development in the BRICS
Editors: Wim Naudé, Adam Szirmai, Nobuya Haraguchi
Published: 1 June 2015
Publisher: Oxford Scholarship Online

The global economy has been irrevocably changed by the dramatic economic rise of the five countries collectively referred to as the BRICS: Brazil, Russia, India, China, and South Africa. This book plots their rise and provides a unique analysis of the patterns of structural change that have accompanied the development of these countries. Focusing particularly on the manufacturing sector as a potential engine of growth, it asks how and why the manufacturing sector emerged in these countries, what accounts for the spectacular manufacturing success of China, what are the differences between the experiences of the BRICS, including their successes and failures, and what lessons there are for the industrial policies that many other countries are trying to implement today? The various chapters in the book set out to understand the economic development of the BRICS. This shows that the most successful countries were those where industrial policy has helped realize latent comparative advantages facilitated human capital formation, entrepreneurship, foreign investment, and technology transfer; and where industrial policies were flexibly adapted and modified in light of changing external circumstances.

Contents:

Foreword

Acknowledgements

Lists of Figures, Tables, Abbreviations

Notes on Contributors

Introduction and Overview

Part I – Comparative Analyses:

1. Structural Change in the BRICS’ Manufacturing Industries – Nobuya Haraguchi & Gorazd Rezonja
2. Deconstructing the BRIC: Structural Transformation and Aggregate Productivity Growth – Gaaitzen J. de Vries et al.

Part II – Country Experiences:
3. Industrial Upgrading and Poverty Reduction in China – Justin Yifu Lin & Miaojie Yu
4. Structural Change, Employment, and Poverty Alleviation in China – Ximing Yue
5. Industrialization in the Russian Federation – Boris Kuznetsov et al.
6. Industrial Growth and Structural Change: Brazil in a Long-run Perspective – Dante Aldrighi & Renato Perim Colistete
7. Structural Change, Industrialization, and Poverty Reduction: The Case of India – Aradhna Aggarwal & Nagesh Kumar
8. The Structure and Performance of Manufacturing in South Africa – David Ellis Kaplan

Part III – Thematic Perspectives:
9. The Dynamics of Global Value Chain Development: A BRICS Perspective – Frederick Nixson
10. Foreign Multinational Enterprises in the Food and Beverages Industries of the BRICS – Ruth Rama
11. Industrialization and Technological Change in the BRICS: The Role of Foreign and Domestic Investment – Wim Naudé et al.
12. Investment, Technological Change, and Industrial Development: The Case of China – Yanyun Zhao & Siming Liu
13. Internal and External Demand and Manufacturing Development in the BRICS – John Weiss
14. The Diffusion of Renewable Energy Technologies in the BRICS – Michiko Iizuka et al.
15. Industrial Policy in the BRICS: Similarities, Differences, and Future Challenges – Michele Di Maio

Part IV – Conclusion:
16. Conclusion

Index