Hartmut Elsenhans

Salvatore Babones

Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.

Escaping the Middle-Income Trap

BRICS or Bust?

The election of Donald Trump and the Brexit vote in the UK have caused fear and panic among liberals worldwide. They argue that the populist backlash represents a dangerous new authoritarianism. But what if the really dangerous authoritarianism is in fact their own? In this provocative and highly original book, Salvatore Babones argues that democracy has been undermined by a quiet but devastating power grab conducted by a class of liberal experts. They have advanced a global rights-based agenda which has tilted the balance away from the lively and vibrant unpredictability of democratic decision-making toward the creeping technocratic authority of liberal consensus. Populism represents, contends Babones, an imperfect but reinvigorating political flood that has the potential to sweep away decades of institutional detritus and rejuvenate democracy across the West. Babones’ bracing attack on the insidious “new authoritarianism” of the expert class and call for an end to liberal mission creep will stimulate and challenge all readers trying to make sense of the political tumult of the recent past.

Trump, Populism, and the Tyranny of Experts

The New Authoritarianism

Christopher Chase-Dunn

World-systems analysis has developed rapidly over the past thirty years. Today's students and junior scholars come to world-systems analysis as a well-established approach spanning all of the social sciences. The best world-systems scholarship, however, is spread across multiple methodologies and more than half a dozen academic disciplines. Aiming to crystallize forty years of progress and lay the groundwork for the continued development of the field, the Handbook of World-Systems Analysis is a comprehensive review of the state of the field of world-systems analysis since its origins almost forty years ago. The Handbook includes contributions from a global, interdisciplinary group of more than eighty world-systems scholars. The authors include founders of the field, mid-career scholars, and newly emerging voices. Each one presents a snapshot of an area of world-systems analysis as it exists today and presents a vision for the future. The clear style and broad scope of the Handbook will make it essential reading for students and scholars of anthropology, archaeology, geography, political science, history, sociology, and development economics.

Salvatore Babones

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