Globalisation and Emerging Economies: Brazil, Russia, India, Indonesia, China and South Africa

OECD countries still dominate the world economy, but their share of world trade dropped from 73% in 1992 to 64% in 2005, and some of the world's most important economies are not members of the OECD. Foremost among these are the so-called Brazil, Russia, India, Indonesia, China and South Africa. This book analyses key elements of the trade performance of the BRIICS in relation to the rest of the world, focusing on trade and other policies influencing that performance. Developments in global trade policy are reviewed, notably the impact of preferential trade agreements on the multilateral system and patterns of world trade are described using both indices that reveal networks of trading relations and more standard modeling results. As well as the global analysis, the book also presents a separate chapter for each of the BRIICS, examining the key development and trade issues in each of the six countries over the past few years. Trade experts will find much new and interesting material here, but the book is designed mainly for the non-specialist, so technical material is kept to a minimum, and is accompanied by more intuitive descriptions. Table of Contents Acronyms Introduction The International Economic Order and Trade Architecture The Bilateral Trade Performance of the BRIICS Globalisation, Multinational and BRIICS Globalisation and the Political Economy of Trade Liberalisation in the BRIICS Storm in a Spaghetti FTAs and the BRIICS Brazil Russia India Indonesia China South Africa.