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Breakout Nations

Friday, April 13, 2012

Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management and a longtime columnist for Newsweek, the Wall Street Journal, and the Economic Times of India, looks at emerging markets and how they affect the West. His book Breakout Nations: In Pursuit of the Next Economic Miracles he identifies which are most likely to leap ahead and why.

Guests:

Ruchir Sharma

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Comments [5]

Ed from Larchmont

In 'The Unintended Reformation' Brad Gregory has a chapter called 'Manufacuring the Goods Life', tracing consumerism from late Middle Age theology to the present. When these upcoming countries rise from poverty, unfortunately, they will adopt the West's unreasonable pattern of consumption.

Apr. 16 2012 08:08 AM
jgarbuz from Queens

Could you ask your guest what's the effect of aging demographics in the WEst, Japan, and even China? As the populations of much of the developed and developing world gets older and older, what will be the overall effects on the global economy?

Apr. 13 2012 12:21 PM
jgarbuz from Queens

Yeah, those nations BROKE OUT of socialism and communism, dictatorships, and all the rest which had kept them down for generations. Becoming more capitalistic, freer and more democratic is what caused the sudden outburst of economic advance. Another thing was the rise in price of natural resource commodities thanks the rise of China and the rest.

And yes, the waterfall of capital that descended from Europe and America lifted almost all boats in Asia. Very little was left to "trickle down" to American workers.

Apr. 13 2012 12:12 PM

BRICS are common in the news. What about other emering markets like Eastern European, Latin American, African, and Asian countries?

Apr. 13 2012 12:11 PM
michael from queens

isn't is the BRICS now? with the added "S" of South Africa? Is south africa not on the same level in this story? or did you just leave it out?

Apr. 13 2012 12:02 PM

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