Shaped by prize-winning author Ruchir Sharma's twenty-five years travelling the world, The Rise and Fall of Nations rethinks economics as a practical art. By narrowing down the thousands of factors that can shape a country's future, it spells out ten clear rules for identifying the next big winners and losers in the global economy.
Each rule looks at a nation's political, economic, and social conditions in real time to filter out the hype and noise. 'People Matters' shows how slow population growth is eroding economic growth, and ranks nations by how well they respond. The 'circle of life' describes the way cycles of political complacency and revolt fuel economic booms and bust. Amid growing tensions over inequality, 'Good Billionaires, Bad Billionaires' demonstrates how billionaire lists yield clues to which economies are most or least threatened by extreme wealth. In a period when the world is struggling with trillions of dollars in new debt, the 'Kiss of Debt' explains which nations are most likely to avert this threat or buckle under it.
Together, the ten rules are instructive for anyone who wants to know which nations are most likely to rise or fall in our own time. The final chapter takes the reader on a surprising world tour of the likely winners and losers in the near future. Enlivened by Sharma's encounters with presidents, tycoons, and villagers from Rio to Beijing, this book is a pioneering field guide to understanding our impermanent world.