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Preface

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Over the last two decades the economies of Brazil, Russia, India, China, and South Africa (BRICS) have emerged as a major source of global economic growth. All these countries are part of the G-20 group and are increasingly seen as playing a significant role in global political and economic affairs. However, the growth pattern in these countries have not been always inclusive. There are two broad aspects of growth in the BRICS economies that are worth noting — their heterogeneity and their lack of inclusivity. The edited book, BRICS: The Quest for Inclusive Growth aims to expose the reader to the quest for inclusive growth in these countries. Specifically, the chapters in this volume discuss economic growth in the BRICS countries with a view to understanding whether the nature of their growth is such that it is broad-based and leads to equitable economic/social outcomes.

The objective of the volume is not to look at each economy exhaustively across different dimensions of growth. The chapters analyze specific dimensions of growth in these five economies that constrain their ability to act effectively and cohesively in international affairs. The nine chapters in this volume address different aspects of economic growth in the five economies.

We would like to thank Professor Edward Mansfield, Professor of Political Science at the University of Pennsylvania and Professor Nita Rudra, Professor of Government at Georgetown University, the Editors-in-Chief of the three-volume study of the The Political Economy of the BRICS Countries for inducting us into this effort and for including this volume in the three-volume study.

Some of the papers in this volume were initially presented at an International Conference on The Political Economy of Emerging Market Countries: The Challenges of Developing More Humane Societies in December 2016/January 2017 jointly organized by Princeton University, Georgetown University, USA, and Indian Institute of Management Calcutta in Kolkata and Santiniketan in West Bengal, India. Hence the information base of most of the papers pertain till that period. We would like to thank Princeton University, Georgetown University and the Management Centre for Human Values at the Indian Institute of Management Calcutta for their funding support for the Conference.

Biju Paul Abraham and Partha Ray

Kolkata, March 2019

The Political Economy of the BRICS Countries

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