The 10 Rules of Successful Nations

The 10 Rules of Successful Nations

by Ruchir Sharma

Hardcover

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Overview

The 10 Rules of Successful Nations offers a pithy guide to real-world economics, adapted from the New York Times bestseller The Rise and Fall of Nations.

A wake-up call to economists who failed to foresee every recent crisis, including the cataclysm of 2008, The 10 Rules of Successful Nations is a slim primer full of pioneering insights on the political, economic, and social habits of successful nations.

Distilled from Sharma’s quarter century traveling the world as a writer and investor, his rules challenge conventional textbook thinking on what matters—and what doesn’t—for a strong economy. He shows why successful nations embrace robots and immigrants, prefer democratic leaders to autocrats, elect charismatic reformers over technocrats, and pay no mind to the debate about big versus small government. He explains why rising stock prices matter as much or more than food prices, which measure of debt is the best predictor of economic crises, and why no one number can accurately capture the value of a currency. He also demonstrates how a close reading of the Forbes billionaire lists can offer the clearest real-time warning of populist revolts against the wealthy.

Updated with brand-new data, 10 Rules reimagines economics as a practical art, giving general readers as well as political and business leaders a quick guide to the most important forces that shape a nation’s future.

Product Details

ISBN-13: 9780393651942
Publisher: Norton, W. W. & Company, Inc.
Publication date: 03/31/2020
Pages: 256
Sales rank: 132,383
Product dimensions: 6.00(w) x 9.00(h) x 0.90(d)

About the Author

Ruchir Sharma penned the international bestseller Breakout Nations and is a contributing op-ed writer at the New York Times. His commentary has also appeared in the Wall Street Journal, the Financial Times, Foreign Affairs, and other publications. He is chief global strategist at Morgan Stanley Investment Management, based in New York.

Table of Contents

Introduction. Impermanence 1

1 Population 15

2 Politics 32

3 Inequality 49

4 State Power 65

5 Geography 84

6 Investment 101

7 Inflation 121

8 Currency 137

9 Debt 158

10 Hype 178

Acknowledgments 199

Appendix 203

Notes 209

Index 215

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