BRICs and Global Political Power

Francesca Beausang
Additional contact information
Francesca Beausang: 4CAST

Chapter 3 in Globalization and the BRICs, 2012, pp 68-97 from Palgrave Macmillan

Abstract: Abstract The ascent of the emerging markets cannot be dissociated from the global financial crisis. Although it preceded the global financial crisis, the latter certainly contributed to the weakening of Western economic power, which opened up a space for emerging markets to drive the world economy. The financial crisis helped raise questions as to the foundations of economic and political globalization and placed new actors at its centre. Not only did the emerging markets become the heroes of the post-crisis world, but also the state, a dominant force in emerging markets, made a major comeback in the context of a collapsing private sector – before, some might add, collapsing itself.

Keywords: Financial Crisis; Global Financial Crisis; Reserve Currency; Multilateral Trade; Global Political (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27160-0_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137271600

DOI: 10.1057/9781137271600_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().