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The Political Economy of the BRICS Countries


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interests include the politics of globalization, trade, foreign investment, development, democracy, inequality, taxation, and redistribution. Her works appear in the British Journal of Political Science, Journal of Politics, American Journal of Political Science, Comparative Political Studies, International Organization, and International Studies Quarterly. Her most recent book with Cambridge University Press is entitled Democracies in Peril. She has been a recipient of the Woodrow Wilson International Center for Scholars Fellowship, the Fulbright–Nehru Foundation Academic Fellowship, and the International Affairs Fellowship by the Council on Foreign Relations.

      About the Editors

      imageBiju Paul Abraham is currently a Professor of Public Policy at the Indian Institute of Management Calcutta. His primary teaching and research interests have been in the area of public systems and policy, particularly national and international regulation and its impact on investment and firms. He has also been part of consulting teams that have carried out strategic reviews of organizations and assessment of program implementation for various ministries of the Government of India as well as the Planning Commission. He was the co-editor of the book Good Governance, Democratic Societies and Globalization (2004) published by Sage and co-author of the book The Intelligent Person’s Guide to Good Governance (2009) also published by Sage. His articles have been published in both national and international journals such as Technovation, the International Journal of Electronic Business, and the Journal of Rural Development.

      imagePartha Ray is currently a Professor of Economics at the Indian Institute of Management Calcutta, where he teaches Macroeconomics, Global Political Economy, and Issues in Monetary Policy. During 2007–2011, he was an Adviser to the Executive Director (India) at the International Monetary Fund, Washington, D.C. Earlier, he was working in the specialist cadre of Economists in Reserve Bank of India’s Economic Research Department during 1989–2006 in various capacities; his last position was as the Director, Department of Economic and Policy Research, RBI. During 1985–1989, he taught Economics in Calcutta. He has written extensively on issues relating to global financial crisis, global economy, monetary policy, banking, and finance. His recent publications include Macroeconomic Policies for Emerging and Developing Economies (with A. Vasudevan; Sage Publications, 2018), Financial and Fiscal Policies: Crises and New Reality (with Y. V. Reddy and Narayan Valluri; Oxford University Press, 2015), and Monetary Policy (Oxford University Press, 2013).

      About the Contributors

      Achin Chakraborty is a Professor of Economics and Director of the Institute of Development Studies Kolkata (IDSK), specializing in welfare economics, development economics and methodology of social science. He obtained his PhD in Economics from the University of California at Riverside, USA. He has published widely in such journals as Economic Theory, Social Indicators Research, Journal of Quantitative Economics, Environment and Development Economics, Economic and Political Weekly, and others. He has co-edited with Anthony D’Costa the recently published book The Land Question in India: State, Dispossession and Capitalist Transition (OUP, 2017).

      Anup Sinha was Professor of Economics at the Indian Institute of Management Calcutta. He earlier taught in Presidency College Calcutta and has been a Visiting Professor at the University of Southern California and the University of Washington at St. Louis. His primary research interests are in the areas of sustainable development, where he has contributed a number of papers and books. His recent publications include Another Development: Participation, Empowerment and Well-Being in Rural India (with Runa Sarkar) published by Routledge in 2015. He also serves as the Chairman of the Bandhan Bank, which provides banking products and services which are often overlooked by the formal banking systems.

      Aparajita Gangopadhyay is the Director of the UGC Centre for Latin American Studies at Goa University, Goa, India. Her areas of specialization are India–Latin America relations, India’s foreign policy, and regional integration in South America. She has been a Visiting Faculty at the Chengchi National University, Taiwan, the Marie Curie Sklodowski University, Lublin, Poland, and Vilnius University, Lithuania. She has also delivered lectures in many universities like the Argentine Institute of International Relations (CARI), University of Salvador, La Plata University, Universidade Siglo 21, Universidade Nacional Rosario and the Universidade Nacional de Rio Cuarto, Argentina. She was also a member of the Indian Delegation to Brazil as part of India–Brazil 1.5 Dialogue in 2013. She has attended many national and international conferences and seminars, and widely published in Indian and international journals. She is also a member of the Academic Council of the Indian Studies Programme, USRJ, Brazil and an Advisory Council Member on Centre on Studies and Services on Contemporary India and Southern Asia, Universidad Externado de Colombia, Bogota.

      Indrani Gupta is Professor and Head, Health Policy Research Unit (HPRU) at the Institute of Economic Growth, Delhi. She received her PhD in Economics from the University of Maryland, USA in 1992. Her work experience has been varied, including working at teaching and academic institutes, the World Bank, and the Government of India. She has been instrumental in setting up a center for health economics and policy research at IEG, which remains one of the few places in India that undertakes policy-oriented research on the health sector. Her areas of interest cover a wide range of topics, and include demand for health and health care, health insurance and financing, poverty and health, costing and cost-effectiveness, economics of diseases, and international agreements and their impact on public health.

      R. Nagaraj is currently a Professor at the Indira Gandhi Institute of Development Research, Mumbai. He did his PhD from Centre for Development Studies, Trivandrum. He has been a Visiting Professor, Woodrow Wilson School, Princeton University and at the Indian Institute of Management Calcutta. He was a member of a working group on the Index of Industrial Production, constituted by the Central Statistical Organization, Government of India and a member of the subcommittee on private corporate sector, set up by advisory committee on National Accounts Statistics.

      Saibal Ghosh is an Expert to the Qatar Central Bank in Doha. He was earlier a Director in the Centre for Advanced Financial Research and Learning of the Reserve Bank of India in Mumbai. Prior to that, he worked in several areas in the Reserve Bank including banking, monetary policy, and international relations. He did his PhD from the Indira Gandhi Institute of Development Research (IGIDR), Mumbai. His research interests are primarily in the areas of banking and finance. His recent interest is in the areas of financial inclusion and gender diversity in emerging economies.

      Samik Chowdhury holds a PhD in Economics from Jawaharlal Nehru University, New Delhi. He teaches at Ambedkar University, Delhi. Prior to this, he was with the Health Policy Research Unit, Institute of Economic Growth (IEG), Delhi. His primary area of research is health policy in India with particular focus on health financing. His other research interests include public policy and governance.

      Simantini Mukhopadhyay is an Assistant Professor at the Institute of Development Studies, Kolkata. She obtained her PhD in Economics from University of Calcutta in 2015. The topic of her PhD thesis was Aspects of Child Undernutrition in India. She has presented her work in many national and international conferences and has published papers in various international journals including BMJ Global Health, BMJ Open, Journal of Biosocial Science, Asian Population Studies, and Journal of Human Development and Capabilities.

      Sripad Motiram is an Associate Professor at the University of Massachusetts, Boston. He works in the areas of development economics, welfare economics, political economy, and microeconomics. His recent research focuses on urbanization, inequality, and poverty in developing countries, particularly India. He has recently co-edited a volume on the Political Economy of Contemporary India published by Cambridge University Press. His articles have been published in journals like Review of Development Economics, Economic Development and Cultural