Growth engines of the south? South Africa, Brazil and Turkey in comparison

Alper Duman and Arne Heise

International Journal of Economic Policy in Emerging Economies, 2010, vol. 3, issue 2, 103-128

Abstract: South Africa, Brazil and Turkey (SABT) are among those countries that not only to continue to converge towards the per-capita income levels of highly developed nations but also to be the best candidates next to China and India of serving as the locomotives of world GDP and trade growth after the depression. Therefore, it appears interesting to inquire into the macroeconomic governance structures of SABT in order to assess their capabilities for enhancing growth and employment. This will be done on the basis of a Post-Keynesian policy model of market constellations comprising of institutionally embedded macro-economic policy regimes.

Keywords: market constellations; policy regimes; institutions; Post-Keynesianism; comparative economic systems; South Africa; Brazil; Turkey; macroeconomic governance structures; economic growth; employment; emerging economies. (search for similar items in EconPapers)
Date: 2010
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