Breakout Nations

Breakout Nations

In Pursuit of the Next Economic Miracles

Book - 2012
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WW Norton
To identify the economic stars of the future we should abandon the habit of extrapolating from the recent past and lumping wildly diverse countries together. We need to remember that sustained economic success is a rare phenomenon.As an era of easy money and easy growth comes to a close, China in particular will cool down. Other major players including Brazil, Russia, and India face their own daunting challenges and inflated expectations. The new "breakout nations" will probably spring from the margins, even from the shadows. Ruchir Sharma, one of the world’s largest investors in emerging markets for Morgan Stanley, here identifies which are most likely to leap ahead and why.After two decades spent traveling the globe tracking the progress of developing countries, Sharma has produced a book full of surprises: why the overpriced cocktails in Rio are a sign of revival in Detroit; how the threat of the "population bomb" came to be seen as a competitive advantage; how an industrial revolution in Asia is redefining what manufacturing can do for a modern economy; and how the coming shakeout in the big emerging markets could shift the spotlight back to the West, especially American technology and German manufacturing.What emerges is a clear picture of the shifting balance of global economic power and how it plays out for emerging nations and for the West. In a captivating exploration studded with vignettes, Sharma reveals his rules on how to spot economic success stories. Breakout Nations is a rollicking education for anyone looking to understand where the future will happen.
International BestsellerOne of Foreign Policy's "21 Books to Read in 2012"A Publishers Weekly Top 10 Business BookAfter a decade of rapid growth, the world’s most celebrated emerging markets are poised to slow down. Which countries will rise to challenge them?

Baker & Taylor
An columnist and investor in emerging markets discusses how the global economy will be shaped in the future by focusing on Nigeria, Indonesia and Poland instead of the superstars of the last decade, China, Russia and Brazil.

Norton Pub
To identify the economic stars of the future we should abandon the habit of extrapolating from the recent past and lumping wildly diverse countries together. We need to remember that sustained economic success is a rare phenomenon.As an era of easy money and easy growth comes to a close, China in particular will cool down. Other major players including Brazil, Russia, and India face their own daunting challenges and inflated expectations. The new "breakout nations" will probably spring from the margins, even from the shadows. Ruchir Sharma, one of the world’s largest investors in emerging markets for Morgan Stanley, here identifies which are most likely to leap ahead and why.After two decades spent traveling the globe tracking the progress of developing countries, Sharma has produced a book full of surprises: why the overpriced cocktails in Rio are a sign of revival in Detroit; how the threat of the "population bomb" came to be seen as a competitive advantage; how an industrial revolution in Asia is redefining what manufacturing can do for a modern economy; and how the coming shakeout in the big emerging markets could shift the spotlight back to the West, especially American technology and German manufacturing.What emerges is a clear picture of the shifting balance of global economic power and how it plays out for emerging nations and for the West. In a captivating exploration studded with vignettes, Sharma reveals his rules on how to spot economic success stories. Breakout Nations is a rollicking education for anyone looking to understand where the future will happen.
International BestsellerOne of Foreign Policy's "21 Books to Read in 2012"A Publishers Weekly Top 10 Business BookAfter a decade of rapid growth, the world’s most celebrated emerging markets are poised to slow down. Which countries will rise to challenge them?

Book News
Sharma, a contributor to Newsweek, the Wall Street Journal, and the Economic Times, writes with a sense of humor and an offbeat perspective, in a style accessible to general readers while still providing enough data for experts. He leads readers on a tour of the world to examine which nations are likely to flourish and which are likely to disappoint in the near future, based on emerging changes in the global economic balance of power. He predicts that economic growth will slow in China, India, Brazil and Russia, and that new 'breakout nations' will rise, including possibly the US. Along with economic analysis, he describes decadent bashes in India, the war on drug cartels in Mexico, Russia's overnight tycoons, and Turkey's black market. The book includes b&w maps, charts, and photos. Sharma is head of emerging market equities at Morgan Stanley Investment Management. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)

Baker
& Taylor

Discusses how the global economy will be shaped in the future by focusing on Nigeria, Indonesia, and Poland instead of the superstars of the last decade, China, Russia, and Brazil.

Publisher: New York : W.W. Norton, c2012
Edition: 1st ed
Description: x, 292 p. : ill., maps ; 25 cm
ISBN: 9780393080261
0393080269
Branch Call Number: 330.91724 Sha

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