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Reorienting the drivers of development: alternative paradigms

ABSTRACT Advancing a holistic theory that explains emerging geographical configurations of the world economy is both ambitious and particularly arduous when it involves concepts without consensus – in their meanings and significance – such as rising powers, BRICS, and MINT. Yet, understanding global and uneven development of the contemporary variety is an urgent matter of policy and politics, as we face growing nationalist populism as one of the disconcerting outcomes of globalization. In this research note two interpretations are offered, one that closely follows Ray Hudson’s analysis of a ‘new new international division of labor’, and another that may serve as an alternative interpretation, which is buttressed by evidence from recent development in Asia.