Breakout Nations: In Pursuit of the Next Economic Miracles

Передня обкладинка
Penguin Books Limited, 3 трав. 2012 р. - 304 стор.

'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.

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LibraryThing Review

Рецензія користувача  - Miro - LibraryThing

Its difficult to exaggerate the quality of this book. Ruchir Sharma searches for the real keys to national development which are often not so obvious or easy to identify. His whole analysis deals with ... Читати огляд повністю

LibraryThing Review

Рецензія користувача  - HadriantheBlind - LibraryThing

It is hard to escape popular economic discussions without hearing the name BRIC and developing nations. The very name - BRIC, like brick, suggests that these four nations are monolithic and identical ... Читати огляд повністю

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Про автора (2012)

Ruchir Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. His acclaimed book, Breakout Nations: In Pursuit of the Next Economic Miracles (2012), was an international bestseller. Sharma began his career as a writer and still contributes regularly to the Wall Street Journal, Financial Times, Foreign Affairs and other publications. One of the world's largest investors, he was named one of Foreign Affairs' Top Global Thinkers in 2012 and one of Bloomberg Market's 50 most influential thinkers in 2015.

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