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This book presents leading-edge thinking on the governance and economic significance of the growth of the BRIC economies (Brazil, Russia, India and China). The rapid development of these economies signals an important shift away from the locus of economic activity and influence in the advanced industrial West to the burgeoning economies of the developing world.

Examining and explaining the underlying economic strengths and business strategies employed by the BRIC economies in the context of weak governance arrangements and institutional development, this book points to an evolving world economic order, and the ways in which further governance and institutional development of the BRICs is needed in order for further growth to be sustainable. This is a pioneering work, bringing together academics and practitioners in investigating the BRIC countries tremendous economic strengths, accompanying acute governance weaknesses, and the impact this combination can have, and indeed is already having, on the world economy.