{"product_id":"brics-or-bust-hartmut-elsenhans-9780804799898","title":"BRICS or Bust?: Escaping the Middle-Income Trap","description":"\u003cp\u003eOnce among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of \u003ci\u003eordinary citizens\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eDiverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders.\u003c\/p\u003e \u003cp\u003eThough strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. \u003ci\u003eBRICS or Bust?\u003c\/i\u003e is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Hartmut Elsenhans, Salvatore Babones\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 080479989X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780804799898\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Stanford Briefs\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/12\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 128\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.30lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.80h x 4.90w x 0.50d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 04\/01\/2018","brand":"Hartmut Elsenhans","offers":[{"title":"Paperback","offer_id":43988271563007,"sku":"9780804799898","price":14.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_774a0767-76c0-445c-a79a-7437a389c9b8.jpg?v=1683293589","url":"https:\/\/www.whiterainbookhouse.com\/products\/brics-or-bust-hartmut-elsenhans-9780804799898","provider":"WR Book House","version":"1.0","type":"link"}