The uneven quality of the BRIC countries: Russia and Brazil as the weaker half

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Chapter 4 in Economic Futures of the West, 2013, pp 49-71 from Edward Elgar Publishing

Abstract: Jan Winiecki explores the various problems that the West must deal with in order to remain an efficient competitor in the world economy. These, he argues, are primarily consequences of the ever-expanding welfare state; consequences that are not only economic but also socio-psychological and, therefore, political. The author also considers the evolution of Western Europe and the USA from a new perspective, noting the ‘Europeanization’ of US economic policies and regulation and the ‘Americanization’ of polices and regulation in some European countries. The book concludes that the main challengers to the West – Brazil, Russia, India and China (the so-called BRIC group of countries) – are unlikely to gain economic supremacy over the West any time soon, given that they have to contend with their own difficulties.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2013
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