The Rise and Fall of Emerging Powers

The book critically analyzes the notion of the Global South's rise, particularly post-2008 financial crisis, and its implications for the decline of Western powers, especially the US. Kiely employs theories of international relations to contextualize this rise and highlights the shift towards a less favorable global environment. He discusses economic challenges in major countries like China, declining commodity prices, and capital outflows, suggesting that these factors indicate a new phase of crisis for emerging markets, underscoring the South's ongoing dependency within the global capitalist system.