Book Review: The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World by Ruchir Sharma, London: Allen Lane, 2016; pp 464, £25.
Ruchir Sharma grew up between Mumbai, Delhi and Singapore. He entered the world of international investment in the early 1990s as a specialist in emerging markets. He has travelled a lot ever since—around one week a month on average. He was also an active journalist at ﬁrst, posting vignettes drawn from his travels in the mass media. In 2012, he published Breakout Nations: In Pursuit of the Next Economic Miracles which is said to have broken sales records. He is now the head of emerging markets and chief global strategist at Morgan Stanley Investment Management in New York. In his earlier book, he reported the views of village barbers as well as celebrities, but in the present one, we just get the celebrities.