This paper reviews Brazil's growth performance over the last quarter of a century and discusses the main determinants of a pick-up in growth since the mid-1990s. Emphasis is placed on the policy pay-offs associated with a consolidation of macroeconomic adjustment, which is a pre-condition for...

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