The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World

Description

In this pioneering work, an acclaimed writer and investor outlines his system for identifying the rise and fall of economic power Shaped by his 25 years travelling the world, and enlivened by his encounters with presidents, tycoons and villagers from Rio to Beijing, The Rise and Fall of Nations rethinks the dismal science of economics as a practical art, based not just on crunching numbers but on live observation. He shows us how to read the political headlines, the world billionaire rankings, the price of onions and popular news magazine covers as signs of coming booms, busts and protests. Parsing the complicated flood of data on debt, trade and capital flows, Sharma explains exactly which numbers are most telling for a nation's fortunes, and when they signal a turn for the better or worse. In our post-crisis age that has turned the world on its head, and ended a decade of supercharged growth, replacing political calm with revolt, Sharma's pioneering book serves as a highly readable field guide to understanding change not only in this new era, but in any era.

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.

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 A fine guide to the great emerging market boom and bust. * The Economist * Sharma's wealth of knowledge ... and ample experience on the ground are strong foundations for his exploration of what makes economies break out, or break down. * Reuters * For sheer readability and insight on the developing world drama, I dare say you won't find a better choice. * Wall Street Journal * A vital guide to the new economic order. -- Rana Foroohar * Time *