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The Political Economy of the BRICS Countries
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Preface
About the Editors-in-Chief
About the Editors
About the Contributors
Contents
Introduction
CHAPTER 1 BRICS: The Political Economy of Non-Inclusive Growth
Introduction
Domestic Stability and International Influence
Initial Growth Paths
Persisting Social and Economic Inequalities
Corruption and Political Capture
Conclusion
References
CHAPTER 2 Future of BRICS as an Economic Block: Does Macroeconomic Heterogeneity and Unshared Political Mandate Stand in Its Way?
Introduction
Size of the BRICS Economies and Their Growth Trajectory
Macroeconomic Policies in BRICS
Monetary Policies
Exchange Rate Regime
Fiscal Policies
Foreign Trade
Future of BRICS Cooperation
Concluding Observations
References
CHAPTER 3 China’s and India’s Economic Performance After the Financial Crisis: A Comparative Analysis
Introduction
Section 1: Concerns About Quality of Macroeconomic Data
Section 2: Policy and Performance After the Financial Crisis China
Composition of Debt
Rising Real Estate Prices
India
Section 3: A Comparison between China and India Similarities
Differences
Section 4: Summary and Conclusion
Acknowledgments
Appendix 1: China’s Economic Indicators (Source: IMF’s country report, 2016).
Appendix 2: India’s Economic Indicators
References
CHAPTER 4 Inter-Group Disparities in Growing Economies: India Among the BRICS
Introduction
Why Between-Group Inequality
Issues in Measurement
Data and Results
India Among the BRICS
Conclusion
References
CHAPTER 5 Inequality and Poverty in India and Brazil Since the 1990s: A Comparative Analysis
*
Introduction
Inequality and Poverty in India Since the Onset of Economic Reforms
Brazil in the Age of a Second Democratization
Comparison and Explanations
Discussion and Conclusions
References
CHAPTER 6 Sustainable Development and BRICS: Unity Amid Diversity?
Introduction
Environmental Issues, the Nation State, and BRICS
BRICS: The Emerging Superstars of Growth
What the Data Suggest
China
India
Brazil
Russia
South Africa
Is BRICS Important at All?
Concluding Remarks
References
CHAPTER 7 Universal Health Coverage in BRICS: What India Can Learn from the BRICS Experience?
Introduction
Understanding UHC in BRICS Countries: A Framework
Health Status and Disease Burden in BRICS
Progress Towards UHC: Selected Indicators Access to Primary and Basic Care
Financial Protection
Financing for UHC
Enabling Environment: Governance and Reforms Governance
Health Sector Reforms
Brazil
China
Russia
South Africa
India
UHC in BRICS: Takeaways for India
What Lessons Can India Draw from These Experiences?
Appendix
References
CHAPTER 8 Inclusive Finance: India Through the BRICS Lens
Introduction
Inclusive Finance: Philosophy, Rationale, and Process
Box 1: Innovative ideas for financial inclusion
Cross-Country Experience
Financial Access and Use
Mobile Money
Barriers to Financial Inclusion
Alternative Sources of Borrowings
Determinants of Financial Inclusion
Financial Crisis and Financial Inclusion
Emerging Areas of Focus
Gender and Financial Inclusion
Pradhan Mantri Jan Dhan Yojana (
PMJDY
)
Technology and Financial Inclusion
Box 2: G2P payments: Evidence and practices
New Institutional Initiatives
Box 3: New banking institutions
Government-to-Person (G2P) Payments
Financial Literacy and Customer Protection
Box 4: Consumer protection and financial literacy: What does global evidence suggest?
Box 5: Financial literacy in India: What is the evidence?
Central Banks and Financial Inclusion
Box 6: Financial literacy around the world
Concluding Remarks
Acknowledgments
References
CHAPTER 9 Gender, Education, and
Programma Bolsa Familia
in Brazil
Introduction
Historical Antecedents of the Racial Issue
Racial Identity, Women, and Education
Female Education in Brazil: A Synoptic Overview
Conditional Cash Transfers and Women’s ‘Empowerment’:
Programma Bolsa Familia
By Way of a Conclusion
References
Index
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