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Structural transformation in Brazil, Russia, India, China and South Africa (BRICS)

Author

Listed:
  • Naudé, Wim

    (Maastricht School of Management)

  • Szirmai, Adam

    (UNU-MERIT)

  • Haraguchi, Nobuya

    (UNIDO)

Abstract

This paper provides a comparative overview of the experiences of the BRICS countries (Brazil, Russia, India, China and South Africa) with structural transformation since the 1980s. We evaluate the different outcomes in industrialisation in these countries, explore the reasons for success (and failure); we also ask what currently industrially lagging countries can learn from the BRICS in this regard, and what impact their industrialisation had on poverty reduction. We point out that important areas for future research and current challenges remain. Foremost in this is the need for BRICS to drive their further structural economic transformation through innovation, taking into consideration their stage of development and the particulars of the sectors involved. As they develop, entrepreneurship and the role of the private sector seem to become more important. The paper is based on our edited book published in 2015 by Oxford University Press 'Structural Change and Industrial Development in the BRICS'.

Suggested Citation

  • Naudé, Wim & Szirmai, Adam & Haraguchi, Nobuya, 2016. "Structural transformation in Brazil, Russia, India, China and South Africa (BRICS)," MERIT Working Papers 2016-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2016016
    as

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    File URL: https://unu-merit.nl/publications/wppdf/2016/wp2016-016.pdf
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    References listed on IDEAS

    as
    1. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4039-4214, Elsevier.
    2. -, 2011. "Foreign Direct Investment in Latin America and the Caribbean 2010," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1142 edited by Eclac, May.
    3. Sachs, Jeffrey D., 1996. "Notes on the life cycle of state-led industrialization," Japan and the World Economy, Elsevier, vol. 8(2), pages 153-174, June.
    4. Naude, Wim & Szirmai, Adam & Haraguchi, Nobuya (ed.), 2015. "Structural Change and Industrial Development in the BRICS," OUP Catalogue, Oxford University Press, number 9780198725077.
    5. Szirmai, Adam & Naude, Wim & Alcorta, Ludovico (ed.), 2013. "Pathways to Industrialization in the Twenty-First Century: New Challenges and Emerging Paradigms," OUP Catalogue, Oxford University Press, number 9780199667857.
    6. Tang, Mingfeng & Hussler, Caroline, 2011. "Betting on indigenous innovation or relying on FDI: The Chinese strategy for catching-up," Technology in Society, Elsevier, vol. 33(1), pages 23-35.
    7. D. S.P. Rao & Bart van Ark (ed.), 2013. "World Economic Performance," Books, Edward Elgar Publishing, number 13753.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Bredow, Sabrina Monique Schenato & Cunha, André Moreira & Lélis, Marcos Tadeo Caputi, 2022. "Effects of higher commodity prices on exports of manufactures: the case of Brazil," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

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    More about this item

    Keywords

    Structural change; industrialisation; manufacturing; development; entrepreneurship; innovation; Brazil; Russia; India; China; and South Africa (BRICS);
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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