Breakout nations

In 'Breakout Nations: In Pursuit of the Next Economic Miracles,' Ruchir Sharma provides a detailed overview of the global economy, focusing on emerging markets.

Sharma argues that each nation must be understood individually, rather than as part of a broader group like the BRICS.

He draws on his two decades of experience traveling to and analyzing various countries, offering insights into their economic, political, and social dynamics.

The book highlights countries that have managed their growth well during the post-2008 crisis and those that are poised to become the next economic success stories, such as the Philippines, Turkey, and Nigeria.

Sharma also emphasizes the importance of political leadership and stability in economic growth, contrasting his views with other theories that focus on institutions and geography.