To Fear or Not to Fear? BRICs and the Developing World

To Fear or Not to Fear? BRICs and the Developing World

Are the BRICs driving a fundamental transformation of the world economy? Journalists, investors, policymakers, and academics alike prognosticate about the global impact of these large emerging economies. One camp deems the rise of the BRICs a challenge to America's hegemonic power, increasing g...

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Bibliographic Details
Published in:International studies review (Malden, Mass.) Vol. 16; no. 3; pp. 447 - 452
Main Authors: Donno, Daniela, Rudra, Nita
Format: Journal Article
Language:English
Published: Oxford Oxford University Press 01-09-2014
Subjects:
Brazil
China
Developing countries
Development
Economic development
Economic power
Fear
Hegemony
India
Investors
Journalists
Power
Russian Federation
United States of America
World Economy
Online Access:Get full text
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Summary:Are the BRICs driving a fundamental transformation of the world economy? Journalists, investors, policymakers, and academics alike prognosticate about the global impact of these large emerging economies. One camp deems the rise of the BRICs a challenge to America's hegemonic power, increasing global politico-economic instability as a result. Another camp defends the continuation of the American (and thereby, global) status quo with equal fervor. The BRICs, they argue, are mired in their own domestic challenges, mistrust one another, have little interest in leading global affairs, and have yet to command true followership by the rest of the developing world. Adapted from the source document.
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ISSN:1521-9488
1468-2486
DOI:10.1111/misr.12152