The volume explores how the Southern Engines, China, India, Brazil, and South Africa are reshaping the world economy. It looks at their development experiences, and examines how these could provide useful lessons to the developing world.

1. Introduction: Southern Engines of Global Growth ; PART I HISTORICAL, ECONOMIC AND POLITICAL CONTEXT ; 2. China, India, Brazil, and South Africa in the World Economy: Engines of Growth? ; 3. Southern Engines of Global Growth: Very Long Cycles or Short Spurts? ; PART II DEVELOPMENT APPROACHES AND GROWTH PATHS ; 4. China's Economic Growth: Trajectories and Evolving Institutions ; 5. Global Growth and Distribution: Are China and India Reshaping the World? ; 6. Vietnam Following in China's Footsteps: The Third Wave of Emerging Asian Economies ; PART III THE ROLE OF CAPITAL FLOWS, INVESTMENT AND TRADE ; 7. The Liberalization of Capital Outflows in CIBS: What Opportunities for Other Developing Countries? ; 8. CIBS, Capital Flows, and Exchange Rates: What Lessons Have Been Learnt since the East Asian Crisis in 1997/98? ; 9. Foreign Direct Investment from China, India, and South Africa in sub-Saharan Africa: A New or Old Phenomenon? ; 10. National Policies to Attract FDI in R&D: An Assessment of Brazil and Selected Countries ; 11. Foreign Direct Investment and Trade in the Southern African Development Community

Contributions from world class established authors, covering the most pressing issues in international finance and development Historical and current systematic analysis that provide accessible material on case studies and country experiences Useful theoretical, analytical and empirical resources for scholars, students and policymakers alike Covers the Asian Giants, China and India, as well as the emerging economies of Brazil and South Africa

Amelia U. Santos-Paulino is a Research Fellow at the World Institute for Development Economics Research (UNU-WIDER) in Helsinki, Finland. Previously she was a Research Fellow at the Institute of Development Studies at the University of Sussex. She has served as a research economist at the Central Bank of the Dominican Republic and as an advisor to the Government of the Dominican Republic. She specializes in trade and development, with particular reference to developing and least developed countries, and her work has been published in several academic publications including the Economic Journal, and World Development. She has been a consultant for the United Nations Development Programme (UNDP), for the World Bank, and for the United Nations Conference on Trade and Development (UNCTAD). She holds a PhD in Economics from the University of Kent. Guanghua Wan is a well-known China specialist and applied economist, author of an expansive list of books and published papers in top refereed journals. His recent work focuses on inequality and poverty in China and elsewhere and has appeared in the Review of Income and Wealth, Journal of Comparative Economics, and Review of Development Economics. He is among the leading group of researchers to develop and apply the regression-based inequality decomposition framework. Dr Wan has served as a consultant to many international organizations and advises the Chinese government on rural development, income distribution, and science and technology policies. He is honorary professor of several leading universities in China including Fudan University and Zhejiang University.

Contributions from world class established authors, covering the most pressing issues in international finance and development Historical and current systematic analysis that provide accessible material on case studies and country experiences Useful theoretical, analytical and empirical resources for scholars, students and policymakers alike Covers the Asian Giants, China and India, as well as the emerging economies of Brazil and South Africa