Table Of ContentGlobalisation and Emerging Economies
bRAZiL, RUssiA, inDiA, inDOnEsiA, CHinA AnD sOUTH AFRiCA Globalisation
OECD countries still dominate the world economy, but their share of world trade has declined, and
and Emerging Economies
some of the world’s most important economies are not members of the OECD. Foremost among
these are the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa.
This book analyses key elements of the trade performance of the BRIICS in relation to the rest of the bRAZiL, RUssiA, inDiA, inDOnEsiA,
world, focusing on trade and other policies influencing that performance. Developments in global
CHinA AnD sOUTH AFRiCA
trade policy are reviewed, notably the impact of preferential trade agreements on the multilateral G
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isbn 978-92-64-04480-7 -:HSTCQE=UYY]U\:
51 2008 06 1 P
www.oecd.org/publishing
001-002-999.fm Page 1 Thursday, January 29, 2009 10:37 AM
Globalisation and
Emerging Economies
BRAZIL, RUSSIA, INDIA, INDONESIA,
CHINA AND SOUTH AFRICA
001-002-999.fm Page 2 Tuesday, January 27, 2009 2:21 PM
ORGANISATION FOR ECONOMIC CO-OPERATION
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3
FOREWORD –
Foreword
This publication takes stock of the increasing integration of leading developing countries into the global
trading system, the potential for further economic gains through market opening reform, and the
associated policy implications. It seeks to shed light, in particular, on the situation of the so-called
BRIICS countries (Brazil, Russia, India, Indonesia, China and South Africa) through thematic and
individual country studies.
The publication was edited by Raed Safadi and Ralph Lattimore. Jacqueline Maher and Clarisse
Legendre prepared, respectively, the written materials for the chapters and the data, tables and charts for
the book. Laura Munro provided research assistance. Patrick Love and Deborah Pike at OECD/PAC
delivered guidance and inputs throughout the book preparation, printing and distribution phases of the
project. Author credits for the individual chapters are shown in the table of contents.
This publication represents a team effort and the contribution of each participant is gratefully
acknowledged by the OECD Trade and Agriculture Directorate, which had the lead in managing the
project under the overall supervision of Ken Ash, Deputy Director and Stefan Tangermann, Director.
GLOBALISATION AND EMERGING ECONOMIES – ISBN-978-92-64-04480-7© OECD 2008
5
AUTHOR AFFLIATIONS –
Author Affiliations
Novella Bottini OECD and Universita Cattaneo (LIVC), Castellanza, Italy.
Martina Garcia OECD.
Malory Greene OECD.
Kozo Kiyota Yokohama National University and Gerald R. Ford School of Public
Policy, University of Michigan, Ann Arbor.
Przemyslaw Kowalski OECD.
Ralph Lattimore OECD.
Molly Lesher OECD.
Philip McCann University of Waikato, Hamilton, New Zealand and Department of
Economics, University of Reading, United Kingdom.
Margit Molnar OECD.
Javier Reyes Sam W. Walton College of Business, University of Arkansas, Fayetteville,
Arkansas
Raed Safadi OECD.
Razeen Sally European Centre for International Political Economy, Brussels, Belgium.
Robert Stern Gerald R. Ford School of Public policy, University of Michigan, Ann
Arbor.
David Tarr Consultant, Washington D.C.
Charles Tsai OECD.
GLOBALISATION AND EMERGING ECONOMIES – ISBN- 978-92-64-04480-7© OECD 2008
7
TABLE OF CONTENTS –
Table of Contents
Foreword .......................................................................................................................................................... 3
Author Affiliations ........................................................................................................................................... 5
Acronyms ......................................................................................................................................................... 8
Introduction byRaed Safadi and Ralph Lattimore ......................................................................................... 9
Chapter 1: The International Economic Order and Trade ArchitecturebyJavier Reyes, Martina Garcia and
Ralph Lattimore ......................................................................................................................... 13
Chapter 2: The Bilateral Trade Performance of the BRIICSby Przemyslaw Kowalski ............................... 39
Chapter 3: Globalisation, Multinationals and BRIICSby Philip McCann ................................................... 71
Chapter 4: Globalisation and the Political Economy of Trade Liberalisation in the BRIICS
by Razeen Sally ................................................................................................................... 117
Chapter 5: Storm in a Spaghetti Bowl: FTAs and the BRIICS by Kozo Kiyota, Margit Molnar and
Robert M. Stern ...................................................................................................................... 187
Chapter 6: Brazilby Ralph Lattimore and Przemyslaw Kowalski .............................................................. 211
Chapter 7: Russiaby David G. Tarr ........................................................................................................... 251
Chapter 8: Indiaby Przemyslaw Kowalski, Nora Dihel and Martina Garcia ............................................ 283
Chapter 9: Indonesiaby Margit Molnar and Molly Lesher ....................................................................... 333
Chapter 10: Chinaby Malory Greene, Charles Tsai and Ralph Lattimore ................................................. 373
Chapter 11: South Africaby Przemyslaw Kowalski, Ralph Lattimore and Novella Bottini ........................ 397
GLOBALISATION AND EMERGING ECONOMIES – ISBN- 978-92-64-04480-7© OECD 2008
8 –
ACRONMYS
Acronyms
AD anti-dumping duties
ASEAN Association of South-East Asian Nations
BRIC Brazil, Russia, India and China
BRIICS Brazil, Russia, India, Indonesia, China and South Africa
FDI foreign direct investment
GATT General Agreement on Tariffs and Trade
IFDI inward foreign direct investment
MFN most favoured nation
NGO non-governmental organisation
NTB non-tariff barrier
PTA preferential trade agreement
ROO rules of origin
TRIMs Agreement on Trade Related Aspects of Investment Measures
TRIPs Agreement on Trade Related Aspects of Intellectual Property Rights
TFP total factor productivity
WTO World Trade Organisation
GLOBALISATION AND EMERGING ECONOMIES – ISBN-978-92-64-04480-7© OECD 2008
