First published 2020
Ruchir Sharma transforms decades of global economic analysis into ten practical rules for identifying which nations will succeed or fail. His framework challenges conventional economic wisdom that missed every major crisis, including the 2008 collapse. Sharma demonstrates why autocratic leaders damage economies, why automation benefits rather than harms nations, and why consumer price data provides incomplete inflation pictures. He reveals that currency crises begin when informed locals flee, not when foreign speculators attack. Debt crises originate in private companies before spreading to governments. The best possible news for any country, he argues, is no news at all. Sharma reframes economics as practical craft rather than theoretical science, offering business leaders, politicians, and academics tools for understanding the forces that determine national futures.
Genres: business, political-science, economics, non-fiction, 21st-century, academic
Vibes: intimate, suspenseful, thought-provoking
Tropes: informed-consent
ebook · Penguin