Shaped by his 25 years traveling the world and enlivened by encounters with tycoons, presidents, and villagers from Rio to Beijing, Ruchir Sharma's The Rise and Fall of Nations rethinks the "dismal science" of economics as a practical art. Narrowing the thousands of factors that can shape a country's fortunes to 10 clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests.
"must read for anyone in investing"
After a decade of rapid growth, the world’s most celebrated emerging markets are poised to slow down. Which countries will rise to challenge them? 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.
"Great overview of developing economies"
The United Nations forecasts that the global population will rise from 7.3 billion to nearly 10 billion by 2050, a big number that often prompts warnings about overpopulation. Some have come from neo-Malthusians, who fear that population growth will outstrip the food supply, leaving a hungry planet.
"How China Fell off the Miracle Path" is from the June 04, 2016 Business section of The New York Times. It was written by Ruchir Sharma and narrated by Fleet Cooper.
In every single region of the world, economic growth has failed to return to the rate it averaged before the Great Recession. Economists have come up with a variety of theories for why this recovery has been the weakest in postwar history, including high indebtedness, growing income inequality, and excess caution induced by the original debt crisis.
As if Donald Trump’s victory wasn’t surprising enough, the economic reaction has been even more stunning. Despite forecasts of a stock market meltdown if he won, the market registered one of its strongest postelection rallies in more than a century. Now the euphoria is spilling into the wider economy, with business confidence skyrocketing and consumer confidence hitting a 15-year high. Much of this excitement is inspired by a growing consensus that Trump could be the most-business friendly president since Ronald Reagan.
"Why Trump Can’t Make It 1981 Again" is from the January 15, 2017 Opinion section of The New York Times. It was written by Ruchir Sharma and narrated by Keith Sellon-Wright.
Global investors usually focus on economic data such as GDP growth, employment, and trade. But in today’s trying economic climate, they have started to train their gaze elsewhere: on national political leadership and the prospects for reform.
"When Borders Close" is from the November 12, 2016 World section of The New York Times. It was written by Ruchir Sharma and narrated by Keith Sellon-Wright.