0 of 1 people found the following review helpful
Certainly worth a read...don't treat it like a Bible though!,
This review is from: Breakout Nations: In Pursuit of the Next Economic Miracles (Hardcover)
Customer review from the Amazon Vine Programme (What's this?)
Ruchir Sharma, Head of Emerging Markets at JP Morgan, has written a very insightful book about emerging markets and perhaps the places that we should already be investing in. At the same time, his book is also featured on Foreign Policy's "21 Books to Read in 2012" prestigious list, indicating the depth of knowledge portrayed there and breadth of coverage (more about this later).
The book, as mentioned previously, deals with the emerging markets of this world. In all honesty, when I first started reading the book, I thought to myself "what more could Ruchir tell us that other market analysts haven't to date?" The answer after reading even one chapter is not necessarily a resounding "so much more!", but certainly the book presents the author's own take on these upcoming "giants".
As another reviewer mentioned, economics go hand in hand with politics, as one cannot have growth if no political decisions are made (and in cases, these as risky decisions as well!). Hence, the portrayal of each country is done through not only an economic, but also a political, and even sociological, prism, which allows the reader to form a more complete picture for the potential of these economies and for the inherent risks of course, be those economic, political, technological, social, etc (does that slightly remind you of PEST analysis?!?).
In this context, Sharma succeeds in delivering what he set out to do. He simply wanted to let us know about the potential of these "marginal" economies and he has done so in a clear, concise, objective, and more importantly well balanced manner.
So, if many investors have found it useful already, if it features on so many lists, then why not give it a read yourselves?