Breakout Nations: In Pursuit of the Next Economic Miracles

About the Book: Breakout Nations: In Pursuit of the Next Economic Miracles

After a decade of rapid growth, the world's most prominent emerging markets are about to slow down. Which countries will rise to take them on?

Nostradamus predicted that power in the East would rise; and it did. But to deduce who the economic stars of the future will be, says the Author of this significant contemporary book of economic journalism, we should focus not only on the precedents of history and avoid generalizing the experiences of countries very different from each other. Sustained economic success is rare, and as an era of easy money and growth comes to a close, the rise of China in particular will be stymied. Other major players, including Brazil, Russia, and India, face considerable challenges as well, including inflated expectations.

The new "breakout nations" will come from the sidelines, even from the shadows, says Sharma, in a collection of insights and analysis which speaks to our biggest concerns today. On the way, he reveals some surprising discoveries, explaining why overpriced cocktails in Rio are a sign of revival in Detroit; how the threat of the "population bomb" was perceived as a competitive advantage; how an industrial revolution in Asia is restyling 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, particularly where American technology and German manufacturing are concerned.

In a clear picture of the changing balance of global economic power, Sharma also tell us his methods for spotting economic success stories. Breakout Nations is a must read for anyone curious about what the future will hold.

About the Author: Ruchir Sharma

Ruchir Sharma is head of emerging markets at Morgan Stanley,. He is an occasional television commentator on CNBC and in India, and a regular columnist for Newsweek, the Wall Street Journal and the Economic Times in India.