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China, India, Brazil and South Africa In The World Economy - Part 1
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This lecture analyzes the economic implications of the rise of China, India, Brazil, and South Africa for the world economy. It examines the possible impact of their rapid growth on both industrialized and developing countries. The essential question is whether these four countries could be the new engines of growth for the world economy. The answer depends on the nature of their transformation and catch-up, which could span half a century or longer. Even so, rapid growth in these large emerging economies is already beginning to change the balance of economic power in the world.
Deepak Nayyar is Distinguished University Professor of Economics at The New School. He has taught at Jawaharlal Nehru University in New Delhi, the University of Oxford, the University of Sussex, and the Indian Institute of Management in Calcutta. He served as vice chancellor of the University of Delhi from 2000 to 2005. From 1989 to 1991, Nayyar was chief economic adviser to the government of India. His recent books include Stability with Growth: Macroeconomics, Liberalization and Development (2006), Trade and Globalization (2008), and Liberalization and Development (2008).
Location: Theresa Lang Community and Student Center, Arnhold Hall.
10/19/2009 6:00 p.m. - 8:00 p.m.
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