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In this lively and informative book (Martin Wolf, Financial Times), Morgan Stanleys top emerging markets expert delivers 10 rules for predicting the rise and fall of nations in real time.

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In the wake of the 2008 global economic crisis, acclaimed investor Ruchir Sharma uncovers the most important signs that a nations fortunes are about to change for better or worse and how we can read them. The Rise and Fall of Nations delivers a practical framework for predicting the future winners and losers of the global economy. By providing 10 rules that chart powerful factors for economic growth, Sharma unpacks three major forces - political stability, economic data and sociological factors - to explain how they can be read as indicators of a nations economic health. From warning indicators such as the Price of Onions which tracks inflation, to the Debt Bombs Rule which watches private debt levels, Sharma also offers ways to assess the potential of an economy, such as the Why People Matter rule which investigates how governments develop their local talent pools.

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Ruchir Sharma is head of Emerging Markets and Global Macro at Morgan Stanley Investment Management.

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