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4 out of 54 out of 54 out of 54 out of 54 out of 5 4.00 (420 ratings) (rate this audio book) Author: Ruchir Sharma Narrator: Alan Sklar Publisher: Blackstone Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: July 2012 ISBN: 9781470826369
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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. Other major players including Brazil, Russia, and India face their own daunting challenges and inflated expectations. The new “breakout nations” will probably spring from the margins, even from the shadows. Ruchir Sharma, the head of Morgan Stanley’s emerging markets division, here identifies which are most likely to leap ahead and why.

After two decades spent traveling the globe tracking the progress of developing countries, Sharma has produced a book full of surprises: why overpriced cocktails in Rio are a sign of revival in Detroit; how the threat of the “population bomb” came to be seen as a competitive advantage; how an industrial revolution in Asia is redefining what manufacturing can do for a modern economy; and how the coming shakeout in the big emerging markets could shift the spotlight back to the West, especially American technology and German manufacturing.

What emerges is a clear picture of the shifting balance of global economic power and how it plays out for emerging nations and for the West. In a captivating exploration studded with vignettes, Sharma reveals his rules on how to spot economic success stories. Breakout Nations is a rollicking education for anyone looking to understand where the future will happen.

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Quotes & Awards

  • “[A] country-by-country tour de force of what makes emerging markets tick. He is an excellent writer with a keen eye for detail and a lyrical prose sense…As with Michael Lewis’ Boomerang on the European crisis, for sheer readability and insight on the various parts of the ongoing emerging drama, I daresay you won’t find a better choice.”

    Wall Street Journal

  • “A primer to guide us…This is a great road map to the new and better-balanced world in which we will all live and an encouraging one.”

    Independent (London)

  • “In Breakout Nations, he takes us on a fascinating gallop through the countries at the edges of the developed world. Not only does he challenge the accepted wisdom—that China and India will motor on, ad infinitum—but he comes up with some surprising candidates for the next decade’s economic stars.”

    Sunday Times (London)

  • “It’s refreshing to read Breakout Nations, Ruchir Sharma’s book on the Bric countries—Brazil, Russia, India, China—and the rest of the developing world…His book offers a careful view that has little truck with forecasts of the relentless Bric-led rise of the emerging world.”

    Financial Times

  • “There is no better book for country-by-country accounts of emerging markets (and riskier ones called frontier markets). Its strong point is the author’s reliance on grassroots experience in each country, avoiding statistical charts.”

    Times of India

  • “At the core of this impressive book is the counterintuitive argument that the boom of the mid-2000s was a blip in the long historical trend for emerging economies and that the next decade may be one of decelerating. In Sharma’s view, the much-hyped decline of the West and emergence of the rest may take a lot longer than optimists would like to believe.”

    India Today

  • “This is among the best books to understand the emerging world and its positive and negative aspects. Sharma matches the brilliance of Thomas L Friedman, author of the widely cited The World Is Flat.”

    CNN-IBN

  • “This week’s Book of the Week is Breakout Nations by Ruchir Sharma, one of the world’s leading emerging-market investors. This is the best book on global economic trends I’ve read in a while.”

    Fareed Zakaria, CNN GPS

  • Breakout Nations is basically an investor’s lonely planet guide to the world for the new century.”

    Bloomberg

  • “It is really the focus of economic attention around the world. It is a whole new look at which economies are going to be winners and which are going to be losers.”

    Prannoy Roy, executive co-chairman, New Delhi Television Limited

  • “Accessible to newbies and revelatory for veterans, Sharma’s observations upend conventional wisdom regarding what it takes to succeed in the relentlessly competitive global marketplace.”

    Publishers Weekly

  • “The head of Morgan Stanley’s emerging markets division conducts a brisk worldwide tour in search of new markets ready for takeoff. No first-book jitters for Sharma, longtime columnist for the likes of Newsweek and the Wall Street Journal. His smooth, almost chummy style suits him ideally for guiding civilians through the sometimes-arcane thicket of the dismal science, looking for those emerging markets likely to disappoint or exceed expectations in the coming years…Confining his predictions to the near future, Sharma refreshingly comes across as that rare thing Harry Truman once sought: a ‘one-handed economist’ willing to stake his reputation without resort to ‘on the other hand’ equivocation. For investors looking to place their bets and for general readers looking to understand the global economic landscape in the wake of the Great Recession.”

    Kirkus Reviews

  • A Wall Street Journal Bestseller
  • A Foreign Policy Magazine Pick of 21 Books to Read in 2012

Listener Opinions

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Ravi Shankar | 2/16/2014

    " An excellent complement to Fareed Zakaria's "The Post-American World". "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Ramakrishnan M | 2/8/2014

    " Brilliant book; gives a real powerful (and crisp) view of the emerging markets and beyond. A must-read for anyone who is remotely interested in global markets "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Anil Swarup | 1/29/2014

    " It is a reality check on the euphoria that surrounds the emerging economies. Extremely well articulated and written in simple language even to make sense to those that do not understand the nuances of economic development. What it reveals about countries like China and India is nothing new but is presented in a manner that it appears to be convincing. Only time will tell whether what has been predicted will come true but the book makes a very interesting reading. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Anil Kagal | 1/24/2014

    " The book is easy to read but one wonders whether it is possible to make sense of something as complex as India or Russia by visiting the country for two weeks, talking to a few people and writing a small chapter on it. For lay people with little time it makes an excellent read and gives one the feeling of being "well informed" but is this gross oversimplification? "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Hrishikesh | 1/21/2014

    " Amazing. A whole new perspective on common beliefs, and the inception of several new ones. No matter what one's understanding of the subject is, this book is a must-read. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Shitiz | 1/10/2014

    " A good epitome of political and economical conditions prevailing in promising countries. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Anant Mittal | 12/21/2013

    " Although reading books explaining economic miracles especially of India and China is a fad for me, yet this one surpassed my expectations. The whole concept of the economy of each nation is explained in simple and lucid terms and the prose is simple. Further his analysis of often ignored economies which he dubs "breakout nations" is also pretty good and very wide and global in outlook. Overall with a good and simple analysis, interesting facts, keen observation and a historical cum future oriented approach the book goes down well with any reader. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Ricardo R.cepeda | 12/15/2013

    " It is a really interesting book. 100% recommended for those who want to know more about the emerging markets. I don`t share all the author`s viewpoints but he is absolutely right when he poses that it is necessary to observe each country individually. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Sudeep | 12/11/2013

    " Nicely written book. A must for people interested in learning about global dynamics "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Aditya | 11/24/2013

    " updated review on major economies present and predicting their future, thorough analysis, helps people really know about those countries "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 David | 11/17/2013

    " THE best primer on developing nations and their economic future. Extremely insightful. I agree that commodity driven economies like Brazil and Russia will run out of steam soon. India and China have 50/50 chance of getting stuck where they are within 3 years. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Gaurang Shah | 11/17/2013

    " This book gives very good insight regarding developing economies. Good Analysis by the author. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Avin | 11/9/2013

    " Decent book nothing great, No idea given regarding how a breakout nation comes out. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Omkar | 10/9/2013

    " I would suggest this book to anyone and everyone who is interested in Finance and Economics... Excellent book...!!! "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Priyank Bhatia | 9/6/2013

    " Highly penetrated into economic growth with some of the most overlooked issues becoming the integral factors for a country.Best part is its layman articulation. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Vasav Varshney | 4/23/2013

    " A very good book..providing some fresh perspective on emerging markets. Analysis style of country to country is somewhat akin to what I read in Jim Roger's Investment Biker & Adventure Capitalist..! "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Kumar Ritesh | 3/30/2013

    " Found it worth reading.I don't know of any book which has covered emerging market in such interesting way. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Suman Srivastava | 2/10/2013

    " Extremely insightful. Very well written. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Harsh | 1/13/2013

    " Great Book.. you will never feel you are reading a boring book on economics or something.. you will feel you are reading an interesting travelogue or something.. Really nice book "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Allan | 10/21/2012

    " This book will bring you up to date on global current affairs in an succinct and entertaining manner. Truly a page turner! "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Ankesh | 9/21/2012

    " A very interesting read! Specially for anyone who has interest in macroeconomics. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Aniket | 9/12/2012

    " Excellent summary of various emerging nations. Does not have much economics jargon but covers cultural and traditional beliefs, and that coupled with few humorous stories and lessons that history teaches, make it a very interesting read. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Luaba | 8/21/2012

    " Ever wished that you were there at the beginning of... IBM, Apple, Google, Twitter, green technology ect... This book helps you look ahead and gives you informative speculation on the next BRIC emerging market. Worthy read, and easy to understand from the novice to the ubber economist and investor. "

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About the Author

Ruchir Sharma, author of the international bestseller Breakout Nations, is head of emerging markets and global macro at Morgan Stanley Investment Management.

About the Narrator

Alan Sklar, a graduate of Dartmouth, has excelled in his career as a freelance voice actor. He began narrating audiobooks in 1996, winning seven AudioFile Earphones Awards and earning several “Best Voice” awards. He has also worked as a stage actor and as a promo announcer at WPIX-TV in New York City. His dream is to be an opera singer, a role for which he hones his bass-baritone operatic skills in the upstairs shower of his home.