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Just Arrived

Breakout Nations: In Search of the Next Economic Miracles

by Ruchir Sharma
RM37.00 MYR
Breakout Nations: In Search of the Next Economic Miracles
Breakout Nations: In Search of the Next Economic Miracles

Look Beyond the Emerging-Market Hype

Ruchir Sharma challenges assumptions about uniformly rapid emerging-market growth. Drawing on firsthand experience, he examines nations as individual economic, political, and social cases. A nuanced guide to identifying potential success and stagnation in a slower-growth world.

  • Financial Times Business Book of the Year Nominee for Longlist (2012)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Just Arrived

Breakout Nations: In Search of the Next Economic Miracles

by Ruchir Sharma
RM37.00 MYR
Condition guide

Book Condition Guide

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*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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ISBN: 9781846145568
Author: Ruchir Sharma
Publisher: Penguin Books Ltd
Date of Publication: 2012-05-03
Format: Hardback
Related Collections: History, Politics, Economics, Business
Related Topics: History, Social Science, Money, Finance, Politics, Sociology, Asia
Goodreads rating: 4.04
(rated by 2758 readers)

Description

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.
 

Look Beyond the Emerging-Market Hype

Ruchir Sharma challenges assumptions about uniformly rapid emerging-market growth. Drawing on firsthand experience, he examines nations as individual economic, political, and social cases. A nuanced guide to identifying potential success and stagnation in a slower-growth world.

  • Financial Times Business Book of the Year Nominee for Longlist (2012)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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