The 10 Rules of Successful Nations

Description

A pithy guide to real-world economics, abridged from Sharma's New York Times bestselling The Rise and Fall of Nations This short primer distils Ruchir Sharma's decades of global analytic experience into ten rules for identifying nations that are poised to take off or crash. A wake-up call to economists who failed to foresee every recent crisis, including the cataclysm of 2008, 10 Rules is full of insights on signs of political, economic, and social change. Sharma explains, for example, why autocrats are bad for the economy; robots are a blessing, not a curse; and consumer prices don't tell you all you need to know about inflation. He shows how currency crises begin with the flight of knowledgeable locals, not evil foreigners; how debt crises start in private companies, not government; and why the best news for any country is none at all. Rethinking economics as a practical art, 10 Rules is a must-read for business, political and academic leaders who want to understand the most important forces that shape a nation's future.

Ruchir Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. He is the author of the international bestselling Breakout Nations- In Pursuit of the Next Economic Miracles (2012), The Rise and Fall of Nations- Forces of Change in the Post-Crisis World (2016) and Democracy on the Road (2019). Sharma began his career as a writer and still contributes regularly to the Wall Street Journal, Financial Times, Foreign Affairs and other publications, and he is a contributing writer at the New York Times. 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.