Growth and Transformation of Emerging Powers: Research on BRICS Economies

Growth and Transformation of Emerging Powers: Research on BRICS Economies
Authors: Yao Ouyang, Xianzhong Yi, Lingxiao Tang
Publisher: Palgrave Macmillan
Publication Year: 2019

Edition: English Edition

About this Book

Growth and Transformation of Emerging Powers: Research on BRICS Economies provides an in-depth, data-driven examination of the economic evolution of Brazil, Russia, India, China, and South Africa. Written by three leading Chinese economists, the book analyzes the dynamics behind BRICS growth, the structural characteristics of their economies, and the potential implications of their rise for global economic realignment in the 21st century.

The authors merge quantitative modeling with comparative economic analysis to evaluate how BRICS economies differ—and converge—in terms of growth quality, industrial transformation, trade patterns, and financial cooperation. By placing the BRICS within the broader context of large global economies, the book identifies the internal and external factors shaping their developmental trajectories. It also explores how global shifts, including the decline of traditional growth engines and the emergence of new technologies, influence policy choices and long-term strategies among BRICS members.

A central theme of the book is the transition from high-speed to high-quality growth. The authors assess each BRICS country’s structural challenges—ranging from productivity bottlenecks and resource dependency to innovation gaps and labor market pressures. They also analyze the prospects for deeper BRICS cooperation in trade and finance, proposing frameworks for shared development, coordinated transformation, and the construction of a more resilient financial cooperation platform.

By offering a Chinese perspective informed by robust empirical evidence, the book provides valuable insights for economists, policymakers, financial analysts, and scholars interested in emerging power dynamics, global development, and the future positioning of the BRICS in an evolving world economy.

Contents

Introduction
Introduction – Yao Ouyang, Xianzhong Yi, Lingxiao Tang

1. Analysis of Dynamic Mechanism of Economic Growth in Large Developed Countries
Yao Ouyang, Xianzhong Yi, Lingxiao Tang

2. Assessment of the Quality of Economic Growth in BRICS Countries
Yao Ouyang, Xianzhong Yi, Lingxiao Tang

3. Economic Growth and Transformation Path of the BRICS Countries
Yao Ouyang, Xianzhong Yi, Lingxiao Tang

4. Shared Growth of Foreign Trade of the BRICS Countries
Yao Ouyang, Xianzhong Yi, Lingxiao Tang

5. Construction of BRICS Financial Cooperation Platform
Yao Ouyang, Xianzhong Yi, Lingxiao Tang