Title: Growth engines of the south? South Africa, Brazil and Turkey in comparison

Authors: Alper Duman, Arne Heise

Addresses: Department of Economics, Izmir University of Economics, Sakarya Cad. No. 156, TR-35330 Balcova-Izmir, Turkey. ' Department of Economics, Izmir University of Economics, Sakarya Cad. No. 156 and TR-35330 Balcova-Izmir, Turkey; Department of Socioeconomics, Hamburg University, VMP 9, D-20146, Hamburg, Germany

Abstract: South Africa, Brazil and Turkey (SABT) are among those countries that not only to continue to converge towards the per-capita income levels of highly developed nations but also to be the best candidates next to China and India of serving as the locomotives of world GDP and trade growth after the depression. Therefore, it appears interesting to inquire into the macroeconomic governance structures of SABT in order to assess their capabilities for enhancing growth and employment. This will be done on the basis of a Post-Keynesian policy model of market constellations comprising of institutionally embedded macro-economic policy regimes.

Keywords: market constellations; policy regimes; institutions; Post-Keynesianism; comparative economic systems; South Africa; Brazil; Turkey; macroeconomic governance structures; economic growth; employment; emerging economies.

DOI: 10.1504/IJEPEE.2010.033775

International Journal of Economic Policy in Emerging Economies, 2010 Vol.3 No.2, pp.103 - 128

Published online: 30 Jun 2010 *

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