BRICs, US ‘Decline’ and Global Transformations

Ray Kiely is Professor of Politics at Queen Mary University of London, UK. He is the author of seven previous books including Rethinking Imperialism (2010), The Clash of Globalisations (2005) and Industrialization and Development (1998).

"It has become widely accepted that the rise of the South in recent decades, and especially since the western financial crisis, has transformed world politics and world economics. In this major new book Ray Kiely carefully assesses the evidence, questioning how transformative this rise really is, and whether it entails the decline of the United States. He offers a sober, searching critique of the performance of the BRICs, setting out what they have achieved, but also the limits to their continued progress. He points to the continuing persistence of international power relationships and inequality, arguing that these make it too soon to announce the end of the West. Kiely injects a welcome dose of realism into current debates, and no-one involved in them can afford to ignore the book's arguments." - Andrew Gamble, University of Cambridge, UK "Ray Kiely has produced the most thoughtful, balanced and perceptive book yet on the limitations of the rapid capitalist development that has taken in the BRICS and some other countries of the global south in recent decades. A must read." - Leo Panitch, York University, Canada 'No issue is more relevant today in the field of development than the 'Rise of the South'. In this book Ray Kiely offers the best critical survey available of this topic from all relevant angles: the presumed decline of the US, the ambiguous emergence of China, the supposed convergence between North and South, the implications of the global crisis, and the key features of the emerging world order. This book is essential reading for students and scholars wishing to engage intelligently with the ongoing transformation of the global economy." - Alfredo Saad-Filho, SOAS, University of London, UK

• 1. Introduction 2. The Rise Of The South? Rising Brics, Declining US? Developmental Change And Transformation Through Convergence Geopolitical Change And Transformation Rising South, Declining West?: Competing Perspectives Conclusions: Issues For Further Consideration 3. The Brics, State Capitalism And Globalisation: Challenge To Or Triumph Of The West? Triumph Of The West? The South And The Opportunities Of Globalisation Challenge To The West? State Capitalism, The China Model And The Beijing Consensus States And Markets In The Development Of The Brics States, Markets And The Question Of Neoliberalism Conclusion 4. The Brics, The South And The International Economy, 1992-2007 Globalisation And The Emerging Markets Boom Of The 1990s Convergence At Last?: The Boom From 2002 To 2007 The Limits Of Convergence, 1992 To 2007 Conclusion 5. The South And The Causes And Consequences Of The Financial Crisis, 2007-14 The Immediate Causes Of The Global Financial Crisis 2008 From Boom To Bust: The International Origins Of The Crisis The Consequences Of The Crisis: The Transformation Of The International Order? Conclusion: Inequality And The Crisis In The US As A Global Crisis 6. Global Inequality And The Rise Of The South The Question Of International Inequality Inequality And Poverty Within Countries Global Inequality Manifested: The Food Crisis And The International Division Of Labour Conclusion 7. The South And Geopolitics: From Bandung To The BRICS? The Third World And The South After 1945 The New South Transforming International Order? Conclusion 8. Conclusion: Development, Innovation And The Limits Of International Transformation The Rise Of The South And Development Theory The Rise Of The South And Technological Innovation The Limits Of International Transformation