Growth and Transformation of Emerging Powers Research on BRICS Econo

This book offers a quantitative and qualitative look at the much-discussed BRICS—Brazil, Russia, India, China and South Africa—and explores how their economic ascent might cause global economic realignments in the 21st century. Providing a Chinese perspec

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Growth and Transformation of Emerging Powers

Yao Ouyang · Xianzhong Yi · Lingxiao Tang

Growth and Transformation of Emerging Powers Research on BRICS Economies

Yao Ouyang Changsha, Hunan, China

Xianzhong Yi Nanjing, Jiangsu, China

Lingxiao Tang Changsha, Hunan, China

ISBN 978-981-32-9743-2 ISBN 978-981-32-9744-9  (eBook) https://doi.org/10.1007/978-981-32-9744-9 Jointly published with Truth and Wisdom Press The print edition is not for sale in Mainland of China. Customers from Mainland of China please order the print book from: Truth and Wisdom Press. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remain neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

General Preface

The development history of economics shows that the importance of economic theory often depends on the importance of the phenomena to be explained. The rise of China is referred to as a “miracle of East Asia”, and the rise of the Brics countries has become a “miracle of the world”, which shows the undoubted importance of the phenomenon of large country economy. If the research on the reality and experience of the economic development of a typical large country is developed to a universal theoretical system and knowledge system, then it is possible for Chinese economics to master the international discourse power. Generally speaking, there are three conditions for the mastery of international discourse power: first, the object of study is of typical significance, the phenomenon to be explained is of great significance not only to the development of a certain country, but also to the development of the world; second