Breakout Nations: In Pursuit of the Next Economic Miracles

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. After years of rapid growth, the most celebrated emerging markets—Brazil, Russia, India, and China—are about to slow down. Which countries will rise to challenge them? In his best-selling book, writer and investor Ruchir Sharma identifies which countries are most likely to leap ahead and why, drawing insights from time spent on the ground and detailed demographic, political, and economic analysis.

With a new chapter on America’s future economic prospects, Breakout Nations offers a captivating picture of the shifting balance of global economic power among emerging nations and the West.

“"This is among the best books to understand the emerging world and its positive and negative aspects. Sharma matches the brilliance of Thomas L Friedman, author of the widely cited The World is Flat."”

"A book that combines keen on-the-ground reporting and economic and investment analysis with lively, lucid prose." -- Forbes "Breakout Nations is basically an investors lonely planet guide to the world for the new century." -- Bloomberg "On the Economy" "Mr. Sharma's intent is to help you find the best places around the world to invest, emphasizing that it will take some work on your part." -- New York Times "At the core of this impressive book is the counter-intuitive argument that the boom of the mid-2000s was a blip in the long historical trend for emerging economies and that the next decade may be one of decelerating. In Sharma's view, the much-hyped decline of the West and emergence of the rest may take a lot longer than optimists would like to believe." -- India Today Magazine "... it's refreshing to read Breakout Nations, Ruchir Sharma's book on the Bric countries-Brazil, Russia, India, China-and the rest of the developing world... [H]is book offers a careful view that has little truck with forecasts of the relentless Bric-led rise of the emerging world." -- Financial Times "A primer to guide us... this is a great road-map to the new and better-balanced world in which we will all live, and an encouraging one." -- The Independent "It is really the focus of economic attention around the world. It is a whole new look at which economies are going to be winners and which are going to be losers." -- Prannoy Roy, NDTV "There is no better book for country-by-country accounts of emerging markets (and riskier ones called frontier markets). Its strong point is the author's reliance on grassroots experience in each country, avoiding statistical charts." -- Times of India -- CNN-IBN

Head of emerging markets and global macro at Morgan Stanley Investment Management, Ruchir Sharma is the author of the international bestseller Breakout Nations. He writes frequently for the Wall Street Journal and Foreign Affairs and lives in New York City.

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