Market-oriented reforms, such as liberalizing trade and encouraging foreign direct investment, can generate large efficiency gains for a country. However, there is also concern that lower-skilled workers are increasingly being replaced by technology and that more globalized markets are harming...

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

The rise of China and India is rapidly reshaping the world economy, with far-reaching implications for every national and regional government, business community, and individual citizen. Arising from the UNU-WIDER research project 'Southern Engines of Global Growth', this volume explores the...