1 of 1 people found the following review helpful
Every economist should read this,
This review is from: Breakout Nations: In Pursuit of the Next Economic Miracles (Hardcover)
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Breakout Nations by Ruchir Sharma
The aim of the book.
This book is about the changing World economics and what may happen in the future balance of World trade.
The present situation.
There is so much going on in the World of business and economics at the moment that it is hard to keep up. New economies are emerging and growing while some Western ones are contracting at a rapid rate. At the time of reading this book the USA has huge debt problems and the Obama administration seems hard pressed to control the economy. Here in the UK it's cuts and more cuts. To some this is doom and gloom but read this book will show you how economies ebb and flow like the tide. The book looks at now and develops how the economic World maybe in the future.
Ruchir Sharama takes us on a journey around the World and shows where the smart money may need to go to buck the trend and grow. In the book there are some great insights into what may happen in the future and how the economic world may look in a decade or two.
In our global economy one mans loss is anothers gain and that is what I read from this book. Keep moving rather than fixing to find the new markets and be the first there to capitalise on the new fresh growing economy is the message. Another message woven into the book is wake up and change the way you do business as the World is changing very quickly and will wait for no one. That seems to be pointed at western economies and rightly so.
My overall view of the book.
In my opinion this is a sensible and controlled rather than sensationalist look at what we have now and where we are probably going from an author who has certainly experienced it all first hand. Read and take note is my advice.