Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80647
Authors: 
Naudé, Wim A.
Szirmai, Adam
Lavopa, Alejandro
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7543
Abstract: 
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the manufacturing sector. We show that three of the BRICS are experiencing de-industrialization (Brazil, Russia and South Africa). China is the only country where an expanding manufacturing sector accounts for a significant part of aggregate growth. We explore the differences in patterns and causes of manufacturing between China and the other BRICS. These differences are down to differences in industrial policy: in China industrial policy supported both foreign and domestic investment for technological catch-up. It is the only country where FDI favoured the manufacturing sector and manufactured exports, and where domestic investment started becoming increasingly important compared to FDI from 1995 onward.
Subjects: 
foreign direct investment
multinational enterprises
industrialization
technology
innovation
entrepreneurship
Brazil
Russia
China
India
South Africa
JEL: 
F23
L52
L53
O25
O40
O33
O34
Document Type: 
Working Paper

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