Breakout Nations: In Pursuit of the Next Economic Miracles - Softcover

Sharma, Ruchir

Softcover

ISBN 10: 0241957818 ISBN 13: 9780241957813

Publisher: Penguin, 2013

Synopsis

After a decade of rapid growth, the world's most celebrated emerging markets are slowing down.Which countries will rise to become the next economic stars? In this bestselling critique of conventional wisdom, writer and Morgan Stanley investor Ruchir Sharma draws on two decades spent touring the globe to offer insights into the world's most interesting emerging markets.Sharma reveals his rules for spotting success stories and lays out a compelling argument for where the future will happen.A new chapter written for this paperback edition explains what this means for rich nations of the West and whether we may be about to see an American economic renaissance. 'Fascinating. . . Not only does he challenge the accepted wisdom - that China and India will motor on, ad infinitum - but he comes up with some surprising candidates for the next decade's economic stars.'Sunday Times 'The most interesting book on the new economic landscape that I have read in years.'Fareed Zakaria 'There is no better book for country-by-country accounts of emerging markets.'Times of India 'This is a great road-map to the new and better-balanced world in which we will all live.' Independent 'An investor's lonely planet guide to the world for the new century.' Bloomberg 'Combines keen on-the-ground reporting and economic and investment analysis with lively, lucid prose.'Forbes

About this title

About the Author

RUCHIR SHARMA is the head of emerging markets at Morgan Stanley and a longtime columnist for Newsweek, the Wall Street Journal, and the Economic Times of India. He lives in New York City.

Review

''[A] country-by-country tour de force of what makes emerging markets tick. He is an excellent writer with a keen eye for detail and a lyrical prose sense . . . As with Michael Lewis' Boomerang on the European crisis, for sheer readability and insight on the various parts of the ongoing emerging drama, I daresay you won't find a better choice.'' --Wall Street Journal

''A primer to guide us . . . This is a great road map to the new and better-balanced world in which we will all live and an encouraging one.'' --Independent (London)

''In Breakout Nations, he takes us on a fascinating gallop through the countries at the edges of the developed world. Not only does he challenge the accepted wisdom -- that China and India will motor on, ad infinitum -- but he comes up with some surprising candidates for the next decade's economic stars.'' Sunday Times (London)

''It's refreshing to read Breakout Nations, Ruchir Sharma's book on the Bric countries -- Brazil, Russia, India, China -- and the rest of the developing world . . . His book offers a careful view that has little truck with forecasts of the relentless Bric-led rise of the emerging world.'' --Financial Times

''There is no better book for country-by-country accounts of emerging markets (and riskier ones called frontier markets). Its strong point is the author's reliance on grassroots experience in each country, avoiding statistical charts.'' --Times of India

''This is among the best books to understand the emerging world and its positive and negative aspects. Sharma matches the brilliance of Thomas L. Friedman, author of the widely cited The World Is Flat.'' --CNN-IBN

''This week's Book of the Week is Breakout Nations by Ruchir Sharma, one of the world's leading emerging-market investors. This is the best book on global economic trends I 've read in a while.'' --Fareed Zakaria, CNN GPS

''Breakout Nations is basically an investor's lonely planet guide to the world for the new century.'' --Bloomberg

''It is really the focus of economic attention around the world. It is a whole new look at which economies are going to be winners and which are going to be losers.'' --Prannoy Roy, executive co-chairman, New Delhi Television Limited

''Accessible to newbies and revelatory for veterans, Sharma's observations upend conventional wisdom regarding what it takes to succeed in the relentlessly competitive global marketplace.'' --Publishers Weekly

''At the core of this impressive book is the counterintuitive argument that the boom of the mid-2000s was a blip in the long historical trend for emerging economies and that the next decade may be one of decelerating. In Sharma's view, the much-hyped decline of the West and emergence of the rest may take a lot longer than optimists would like to believe.'' --India Today

''The head of Morgan Stanley's emerging markets division conducts a brisk worldwide tour in search of new markets ready for takeoff. No first-book jitters for Sharma, longtime columnist for the likes of Newsweek and the Wall Street Journal. His smooth, almost chummy style suits him ideally for guiding civilians through the sometimes-arcane thicket of the dismal science, looking for those emerging markets likely to disappoint or exceed expectations in the coming years . . . Confining his predictions to the near future, Sharma refreshingly comes across as that rare thing Harry Truman once sought: a 'one-handed economist' willing to stake his reputation without resort to 'on the other hand' equivocation. For investors looking to place their bets and for general readers looking to understand the global economic landscape in the wake of the Great Recession.'' --Kirkus Reviews

About this edition

• Publisher: Penguin
• Publication date: 2013
• ISBN 10: 0241957818
• ISBN 13: 9780241957813
• Binding: Paperback
• Number of pages: 336