10th May, 2017

The Political Economy of Emerging Markets: Varieties of BRICS in the Age of Global Crises and Austerity

Edited by Richard Westra

The Political Economy of Emerging Markets situates the BRICS phenomena in the global economic context of advanced economies continuing to languish in recession and hovering over a deflationary abyss several years after the meltdown. A key question this volume seeks to answer is whether the BRICS and so-called "emerging market" phenomenon is really the new miracle it is presented as, offering new or modified varieties of reloaded capitalist development to the world, or yet another mirage.

PART ONE: Development Theory from Capital to Capitalist Development and the 21st Century Global Economy in Crisis
Chapter 1) From Development to BRICS: The Policy Magical Mystery Tour
Richard Westra
Chapter 2) Current Paths of Development in the Southern Cone: Deindustrialization and a Return
to the Agro-export Model
Paul Cooney
Chapter 3) A BRIC Despite Itself: Sustained Growth versus Neoliberalism in India
Radhika Desai
Chapter 4) Political Economy of China: From Socialism to Capitalism, and to Eco-Socialism?
Minqi Li
Chapter 5) The BRICS re-scramble Africa
Patrick Bond
PART THREE: Varieties of Emerging Markets in the Global Economy
Chapter 6) Capitalism, Contradiction and the onward march of Variegated Neoliberalism in
Southeast Asia
Toby Carroll
Chapter 7) Thailand: Sick Man of Asia?
Sompong Sirisoponsilp and Ake Tangsupvattana
Chapter 8) Turkey: A Conventional Peripheral Agent of Neoliberal Globalization
Yonca Özdemir
Chapter 9) The Persistence of Neoliberalism since the Arab Uprisings: The Cases of Egypt and
Angela Joya