As head of Emerging Markets and Global Macro at Morgan Stanley Investment Management, Sharma is one of the world's largest investors and typically spends one week a month traveling the world, meeting with leading politicians and CEOsPenguin have sold more than 55,000 copies of
The Rise and Fall of NationsMines huge amounts of exclusive data to create ten key rules for spotting the signs of economic change, which will be leapt upon by the mediaHuge international opportunity, predominantly in India
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.
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.
