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BRICS

BRICS

Patrick Bond | Ana Garcia

(2015)

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Book Details

Abstract

The rise of the BRICS - a bloc of emerging economies, comprised of Brazil, Russia, India, China and South Africa, is one of the defining features of the modern global economy.

This book explores these nations, which seem to be growing at a much faster rate than the developed nations of the Eurozone and North America. Will they drag the developed world out of the economic mire? Will they force social change and innovation into the tired 'old world order'? And politically, do they herald a new dawn for democracy or do they represent a continued political repression?

This edited collection answers these questions by offering critical analysis of the rise of the BRICS economies within the framework of a predatory, exclusionary and unequal global capitalism. From Chinese oil geopolitics to the ruinous 'mega-events' in Brazil, the authors provide a new, radical way of understanding these controversial developments.
'A uniquely valuable resource written by a stellar group of authors. They pierce through every aspect of the discourse around the BRICS, showing the reality beneath the politically engineered triumphalism.'
Alfredo Saad-Filho, Professor of Political Economy, School of Oriental and African Studies, University of London
"This book is the most significant work yet published to examine these issues through a critical lens. It features essays from leading leftist scholars across the world such as Patrick Bond, Immanuel Wallerstein, Leo Panitch, William Robinson, Elmar Altvater, and Vijay Prashad, among many others ... The authors document the currently existing positions on the BRICS: from those who celebrate it, are cautious of it, to those who criticize it. It provides a useful and comprehensive overview of the current state of debate on the topic and provides a clear way to introduce the volume.'
James Parisot, Marx & Philosophy Review of Books

Table of Contents

Section Title Page Action Price
Cover Cover
Contents v
Contributors vii
Abbreviations xiii
1. Introduction - Ana Garcia and Patrick Bond 1
Part 1: Sub-imperial, inter-imperial or capitalist-imperial? 13
2. BRICS and the sub-imperial location - Patrick Bond 15
3. Sub-imperialism, the highest stage of dependent capitalism - Mathias Luce 27
4. BRICS, capital-imperialism and new contradictions - Virginia Fontes 45
5. BRICS, the G20 and the American Empire - Leo Panitch 61
6. Capitalist mutations in emerging, intermediate and peripheral neoliberalism - Claudio Katz 70
Part 2: BRICS 'develop' Africa, Latin America and Eastern Europe 95
7. BRICS corporate snapshots during African extractivisim - Baruti Amisi, Patrick Bond, Richard Kamidza, Farai Maguwu and Bobby Peek 97
8. The story of the hunter or the hunted? Brazil's role in Angola and Mozambique - Ana Garcia and Karina Kato 117
9. China's geopolitical oil strategy in the Andean region - Omar Bonilla Martinez 135
10. The transnationalisation of Brazilian construction companies - Padro Henrique Campos 148
11. Behind the image of South-South solidarity at Brazil's Vale - Judith Marshall 162
12. Rio's ruinous mega-events - Einar Braathen, Gilmar Mascarenhas and Celina Sorboe 186
13. Modern Russia as semi-peripheral, dependent capitalism - Ruslan Dzarasov 200
14. Russia's neoliberal imperialism and the Eurasian challenge - Gonzalo Pozo 206
Part 3: BRICS within global capitalism 229
15. BRICS and transnational capitalism - William Robinson 231
16. BRICS at the brink of the fossil bonanza - Elmar Altvater 236
17. Scramble, resistance and a new non-alignment strategy - Sam Moyo and Paris Yeros 246
18. The BRICS' dangerous endorsement of 'financial inclusion' - Susanne Soederberg 251
19. China and the lingering Pax Americana - Ho-Fung Hung 254
20. The future trajectory of BRICS - Achin Vanaik 261
21. Does the South have a possible history? Vijay Prashad 266
22. Whose interests are served by the BRICS? - Immanuel Wallerstein 269
23. BRICS after the Durban and Fortaleza summits - Niall Reddy 274
24. Building BRICS from below? - Ana Garcia 279
25. Co-dependent BRICS from above, co-opted BRICS from the middle, and confrontational BRICS from below - Patrick Bond 286
Index 297