CHAPTER 13
MOVING INTO POSITION: THE RISING POWERS
Overview
This chapter examines the problems of states, markets, and societies in transition from one
system of political economy to another. The goal of this chapter is to explore the nature of the
transitions from communist/socialist or state-dominated economies to more market-based
economies integrated into the global capitalist system. Most attention is given to Brazil, Russia,
India, and China—making this a complete BRIC chapter.
More specifically, we present a number of important theses about the rising powers. First, there
is not a single path toward market-oriented economies. The different trajectories reflect
variations in countries’ historical background, size, political system, and policy decisions.
Second, the experiences of countries in transition lead us to question many assertions in the IPE
Third, in most countries transition has been a painful and chaotic process that has, at least in the
short run, destroyed valuable social institutions and undermined social stability in pursuit of
long-term economic growth. Finally, the rising powers are ineluctably posing challenges to
international institutions historically dominated by Europe, the United States, and Japan. This
shift in power will create new global tensions that could just as easily lead to a more dangerous
world as one based on cooperation and peaceful coexistence.
Each of the sections in this chapter contrast strengths and weaknesses in the economic trajectory
of each country, and we highlight key socio-political tensions in each country. Instructors will
find this chapter useful for making comparisons between emerging powers. The section on
Russia and China cover different perspectives on what the goals of Russia and China are and
Key Terms
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BRICS
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glasnost