The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
Description
Shaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma's The Rise and Fall of Nations rethinks the "dismal science" of economics as a practical art. Narrowing the thousands of factors that can shape a country's fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma's pioneering book is an entertaining field guide to understanding change in this era or any era.
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About the Author
Ruchir Sharma is the head of emerging markets and global macro at Morgan Stanley Investment Management and the author of the international bestseller Breakout Nations. He writes frequently for the Wall Street Journal and Foreign Affairs.
Reviews
This efficient, positive guide for the practical observer and investor shows how to choose healthy emerging markets. . . . Evenhanded, measured, sage advice on the global economy.-- (05/21/2016)
The book is so lively and wandering that it is possible to miss the 10 rules and enjoy it just as a record of Sharma's learning them.-- (05/21/2016)
Filled with amazing data. . . fascinating insights and revealing anecdotes, this is quite simply the best guide to the global economy today. Whether you are an observer or an investor, you cannot afford to ignore it.--Fareed Zakaria
In this lively and informative book, Sharma explains his system of 10 rules for identifying economies with good potential. Among the striking conclusions is his bearishness about China, largely because of its huge and growing indebtedness.-- (07/01/2016)
Entertaining, acute and disarmingly honest. . . . [Sharma] has a knack for sharp comparisons between countries. Australia's history of high immigration is contrasted with Japan's insularity. . . . He is pithy, too. In countries with rotten financial systems, 'a shake-up of banking is a shake-up of society.' . . . Mr. Sharma's book is a fine guide to the great emerging market boom and bust.-- (06/04/2016)
Compelling. . . a success. . . . The local insight adds color, while the data reassures us that his analysis is underpinned by more than a series of conversations with taxi drivers. . . . Much more than an investment primer. The issues he deals with, from growth to inequality, are of much broader interest. . . . This does not necessarily mean he will be right --but it does mean his projections are more easily testable. . . . Sharma's book provides a good guide for working out what will come next.-- (06/16/2016)
A vital guide to the new economic order. . . . Sharma has been one of the prescient seers of the Chinese debt crisis.-- (06/09/2016)
If you have been wondering what's happening to the world--why for example has England voted to commit economic suicide by leaving the European Union?. . . . The Americans have voted for Donald Trump. . . Donald Trump? What's going on? Is there a rightwing, anti-immigrant backlash, or is it more complex? In fact much of what is happening is following a pattern, a pattern of global trends that this book has in great detail and mastery documented. . . . An amazing read, I learned a lot from it, and its out-of-the-box thinking.-- (06/27/2016)
Articulate. . . Highly recommended to all readers interested in global economics. Sharma offers ten rules in evaluating global economic growth since the 2008 financial crisis. . . . Sharma presents a wealth of data and insights into the economic condition of the post-2008 world. . . . Some of his conclusions may seem jarring but are always thought provoking, such as that past population control measures are now causing labor shortages and that economic forecasting beyond five years is rarely accurate.-- (05/15/2016)
