Can BRICS countries escape the middle-income trap?

Barendra Kumar Bhoi

Macroeconomics and Finance in Emerging Market Economies, 2019, vol. 12, issue 3, 293-296

Abstract: BRICS countries were expected to redraw the economic landscape of the world in the twenty-first century. However, they seem to have stagnated during the recent period. Hartmut Elsenhans and Salvatore Babones, in their book ‘BRICS or Bust? Escaping the Middle-Income Trap’, take a hard look at the underlying reasons behind the recent slowdown of BRICS nations and suggest suitable policy measures to escape from the middle-income trap.

Date: 2019
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DOI: 10.1080/17520843.2019.1615970

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