Summary of The Rise and Fall of Nations
Forces of Change in the Post-Crisis World
These telltale signs reveal the coming direction of global economies.
The headlines from China, Russia and elsewhere make the vagaries of global economies seem chaotic and unpredictable. How can an investor know which oft-praised economy already is in the tank or which ignored country stands poised for a rally? If you know which signs to look for, events won’t surprise you, argues Ruchir Sharma, a market strategist at Morgan Stanley. In this compelling and elegantly written volume, Sharma outlines the telltale signs that often reveal where any nation is heading. Population growth, current account deficits, currency values and private debt are among the key indicators, along with the impact and “impermanence” of repeating economic cycles. While never giving investment advice, getAbstract recommends Sharma’s insights to investors, policy makers, entrepreneurs and business students.
In this summary, you will learn
- Why national fortunes shift
- How complex, interwoven events spur repeating economic cycles
- How population growth, current accounts deficits, currency values and private debt indicate the health of a country’s economy
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