Breakout Nations: In Pursuit of the Next Economic Miracles
The argument of Breakout Nationsis that the astonishingly rapid growth over the last decade of the world's celebrated emerging markets is coming to an end. The era of easy money and easy growth is over. China, in particular, will soon slow, but its place will not necessarily be taken by Brazil, Russia or India, all of which Ruchir Sharma shows have weaknesses and difficulties often overlooked in the inflated expectations and emerging markets mania of the past decade. To identify the economic stars of the future, he says, we should abandon the habit of simply extrapolating from general global trends and look at emerging markets individually. The new 'breakout nations' will probably spring from the margins - even from the shadows. Sharma identifies which they are most likely to be, and why.
What people are saying - Write a review
LibraryThing ReviewUser Review - 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 ... Read full review
LibraryThing ReviewUser Review - 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 ... Read full review