The Rise and Fall of Nations: Forces of Change in the Post-Crisis World by Ruchir SharmaShaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma’s The Rise and Fall of Nations rethinks the dismal science of economics as a practical art. Narrowing the thousands of factors that can shape a country’s fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma’s pioneering book is an entertaining field guide to understanding change in this era or any era.
A Library Journal Best Book of 2016
The Rise and Fall of Nations (Summary)
His job is to watch global trends, looking for sound investments — which countries are growing or likely to grow in the short term, and which ones are on the verge of decline? When is growth sound and sustainable, and when is it a bubble? And so it proves. This is a broad ranging and original book, truly global in scope, and full of unusual insights and details. Or that Nigeria has a problem with textile smuggling? There are plenty of big and serious books with similar titles to The Rise and Fall of Nations , most of them giving a historical overview of a nation or empire.
With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts. The headlines from China, Russia and elsewhere make the vagaries of global economies seem chaotic and unpredictable. How can an investor know which oft-praised economy already is in the tank or which ignored country stands poised for a rally? If you know which signs to look for, events won't surprise you, argues Ruchir Sharma, a market strategist at Morgan Stanley. In this compelling and elegantly written volume, Sharma outlines the telltale signs that often reveal where any nation is heading.
Much of the low hanging fruit of globalization has been plucked, and other growth-driving trends, like the baby boom and the entrance of women into the workforce en mass have been tapped out. Full disclosure: Sharma has been a source of mine for years; and I was a huge fan of his last book, Break-Out Nations.
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