Name: Brics or Bust? Escaping the Middle-Income Trap (en Inglés)
Price: 95.62 PEN
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Author: Hartmut Elsenhans; Salvatore Babones
ISBN: 9780804799898

portada Brics or Bust? Escaping the Middle-Income Trap (en Inglés)

Formato

Libro Físico

Editorial

Stanford Briefs

Autor

Hartmut Elsenhans; Salvatore Babones

Año

2017

Idioma

Inglés

N° páginas

128

Encuadernación

Tapa Blanda

ISBN13

9780804799898

N° edición

Categorías

Economías emergentes

Brics or Bust? Escaping the Middle-Income Trap (en Inglés)

Hartmut Elsenhans; Salvatore Babones (Autor) · Stanford Briefs · Tapa Blanda

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Reseña del libro "Brics or Bust? Escaping the Middle-Income Trap (en Inglés)"

Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.