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.
“Sharma’s new book is filled with amazing data…fascinating insights and revealing anecdotes; this is quite simply the best guide to the global economy today. Whether you are an observer or an investor, you cannot afford to ignore it.” - Fareed Zakaria
“Instead of pious statements about poverty, or portentous mutterings on the importance of American leadership, Mr Sharma sees the world from the ruthless and restless perspective of an investor.” - Economist
“Ruchir Sharma is a shrewd and thoughtful observer of emerging markets. His insights deserve the attention of all who care about the future of the global economy.” - Lawrence H. Summers
“Lively and informative.” - Martin Wolf, Financial Times
“Sharma’s mission is as ambitious as it is well-executed. A mix of humble pragmatism and daring decisiveness make his tips compelling and credible.” - Katrina Hamlin, Reuters
“A vital guide to the new economic order.” – Rana Foroohar, Time
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.
“Sharma’s new book is filled with amazing data…fascinating insights and revealing anecdotes; this is quite simply the best guide to the global economy today. Whether you are an observer or an investor, you cannot afford to ignore it.” - Fareed Zakaria
“Instead of pious statements about poverty, or portentous mutterings on the importance of American leadership, Mr Sharma sees the world from the ruthless and restless perspective of an investor.” - Economist
“Ruchir Sharma is a shrewd and thoughtful observer of emerging markets. His insights deserve the attention of all who care about the future of the global economy.” - Lawrence H. Summers
“Lively and informative.” - Martin Wolf, Financial Times
“Sharma’s mission is as ambitious as it is well-executed. A mix of humble pragmatism and daring decisiveness make his tips compelling and credible.” - Katrina Hamlin, Reuters
“A vital guide to the new economic order.” – Rana Foroohar, Time
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