A pithy guide to real-world economics, abridged from Sharma's New York Times bestseller The Rise and Fall of Nations.
This slim primer distills Sharma's decades of 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 pioneering 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 savvy locals, not evil foreigners; debt crises start in private companies, not government; and 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.
About the Author :
Ruchir Sharma penned the international bestseller Breakout Nations and is a contributing op-ed writer at the New York Times. His commentary has also appeared in the Wall Street Journal, the Financial Times, Foreign Affairs, and other publications. He is chief global strategist at Morgan Stanley Investment Management, based in New York.
William Hughes is an AudioFile Earphones Award-winning narrator. A professor of political science at Southern Oregon University in Ashland, Oregon, he received his doctorate in American politics from the University of California at Davis. He has done voice-over work for radio and film and is also an accomplished jazz guitarist.
Review :
"A vital guide to the new economic order."
-- "Time on The Rise and Fall of Nations"
"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 on The Rise and Fall of Nations"
"Lively and informative."
-- "Financial Times on The Rise and Fall of Nations"
"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, praise for the author"
"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."
-- "Reuters on The Rise and Fall of Nations"
"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, New York Times bestselling author, on The Rise and Fall of Nations"
