China, India, Brazil and South Africa in the world economy: Engines of growth?

Arbeitspapier

This paper attempts to analyse the economic implications of the rise of China, India, Brazil and South Africa, for developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on industrialized countries and developing countries, which could be complementary or competitive and, on balance, positive or negative. In doing so, it considers the main channels of transmission, to focus on international trade, investment, finance and migration. The essential question is whether, in times to come, these four countries could be the new engines of growth for the world economy. The answer is that rapid growth in China already supports growth elsewhere, so far primarily as a market for exports, while India and Brazil have the potential to provide similar support, but South Africa does not yet exhibit such a potential. In future, these countries could also provide resources for investment and technologies for productivity. The transformation and catch-up could span half a century or longer. Even so, rapid growth in these large emerging economies is already beginning to change the balance of economic power in the world.

Object Details

• ISBN: 978-92-9230-110-1
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2008/05

Classification and Topics

• Classification: Wirtschaft ; International Economic Order and Integration ; Macroeconomic Aspects of International Trade and Finance: General ; International Relations, National Security, and International Political Economy: General ; Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: General, International, or Comparative ; Economic Development: General ; Macroeconomic Analyses of Economic Development ; International Linkages to Development; Role of International Organizations
• Subject: China ; India ; Brazil ; South Africa ; growth ; development ; history ; trade ; investment ; finance ; migration

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nayyar, Deepak
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/84668
• Last update: 10.03.2025, 11:42 AM CET