Breakout Nations

As the years of unbelievably swift growth draw to their close, this book shows us how it is time for both investors and economists to halt their blind thrust towards an impossible future.

Breakout Nations

'The old rule of forecasting was to make as many forecasts as possible and publicise the ones you got right. The new rule is to forecast so far in the future, no one will know you got it wrong.' Ruchir Sharma does neither. In Breakout Nations he shows why the economic 'mania' of the twenty-first century, with its unshakeable faith in the power of emerging markets - especially China - to continue growing at the astoundingly rapid and uniform pace of the last decade, is wrong. The next economic success stories will not be where we think they are. In this provocative new book, Sharma analyses why the basic laws of economic gravity (such as the law of large numbers, which says that the richer you are the harder it is to grow your wealth at a rapid pace) are already pulling China, Russia, Brazil and other vast emerging markets back to earth. To understand which nations will thrive and which will falter in a world reshaped by slower growth, it is time to start looking at the emerging markets as individual cases. Sharma argues that we must abandon our current obsession with global macro trends and the fad for all-embracing theories. He offers instead a more discerning, nuanced view, identifying specific factors - economic, political, social - which will make for slow or fast growth. Spending much of his professional life travelling in these countries as Head of Emerging Markets at Morgan Stanley, Sharma is uniquely placed to present a first-hand insider's account of these new markets and the changes they are undergoing. As the years of unbelievably swift growth draw to their close, this book shows us how it is time for both investors and economists to halt their blind thrust towards an impossible future.

More Books:

Breakout Nations
Language: en
Pages: 304
Authors: Ruchir Sharma
Categories: Business & Economics
Type: BOOK - Published: 2012-05-03 - Publisher: Penguin UK

'The old rule of forecasting was to make as many forecasts as possible and publicise the ones you got right. The new rule is to forecast so far in the future, no one will know you got it wrong.' Ruchir Sharma does neither. In Breakout Nations he shows why the
The Rise and Fall of Nations
Language: en
Pages: 480
Authors: Ruchir Sharma
Categories: Business & Economics
Type: BOOK - Published: 2016-07-20 - Publisher: Penguin UK

The crisis of 2008 ended the illusion of a golden era in which many people imagined that prosperity and political calm would continue to spread indefinitely. In a world now racked by slowing growth and mounting unrest, how can we discern which nations will thrive and which will fail? Shaped
Breakout Nations: In Pursuit of the Next Economic Miracles
Language: en
Pages: 336
Authors: Ruchir Sharma
Categories: Business & Economics
Type: BOOK - Published: 2012-04-09 - Publisher: W. W. Norton & Company

International Bestseller One of Foreign Policy's "21 Books to Read in 2012" A Publishers Weekly Top 10 Business Book “The best book on global economic trends I’ve read in a while.”—Fareed Zakaria, CNN GPS To identify the economic stars of the future we should abandon the habit of extrapolating from
The 10 Rules of Successful Nations
Language: en
Pages: 256
Authors: Ruchir Sharma
Categories: Business & Economics
Type: BOOK - Published: 2020-04-09 - Publisher: Penguin UK

This short primer distils Ruchir Sharma's decades of global analytic experience into ten rules for identifying nations that are poised to take off or crash. A wake-up call to economists who failed to foresee every recent crisis, including the cataclysm of 2008, 10 Rules is full of insights on signs
Easy Money
Language: en
Pages: 356
Authors: Vivek Kaul
Categories: Business & Economics
Type: BOOK - Published: 2014-07-08 - Publisher: SAGE Publications India

The second book in the Easy Money trilogy discusses how the global financial system evolved in the aftermath of the First World War and how that finally led to the dot-com crash in the United States, in the early 2000s. It gives an overview of how in the aftermath of