The 10 Rules of Successful Nations by Ruchir Sharma PDF Download
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The 10 Rules of Successful Nations Book Summary
“The 10 Rules of Successful Nations by Ruchir Sharma” is a good book that you can read online or download to read it later. Before starting the reading or downloading, here is the summary of the book that you can read. A wake-up call to economists who failed to foresee every recent crisis, including the cataclysm of 2008, The 10 Rules of Successful Nations is a slim primer full of pioneering insights on the political, economic, and social habits of successful nations.Distilled from Sharma’s quarter century traveling the world as a writer and investor, his rules challenge conventional textbook thinking on what matters—and what doesn’t—for a strong economy. He shows why successful nations embrace robots and immigrants, prefer democratic leaders to autocrats, elect charismatic reformers over technocrats, and pay no mind to the debate about big versus small government. He explains why rising stock prices matter as much or more than food prices, which measure of debt is the best predictor of economic crises, and why no one number can accurately capture the value of a currency. He also demonstrates how a close reading of the Forbes billionaire lists can offer the clearest real-time warning of populist revolts against the wealthy.
Brief Summary The 10 Rules of Successful Nations by Ruchir Sharma
The book often veers into politics in a way that is self destructive (i.e. why risk the ire of half your potential readers for an insult that you expect in a play ground not in an economics guide: “even conservatives would agree with this”). More troubling though, is the framing of controversial topics by suggesting they are really easy to do with no major costs. There are several examples but let’s take asset bubble targeting by central banks. We are told by the author that it is really groovy. But this policy proposal has been around for decades and has so, so, so many problems that you have to address at least some of them. He raises none of them (How about, for starters, Is lower current growth better than higher growth followed by a recession? What do you do if rates dont reduce asset prices, ala Greenspan in 1997? How much will you trade off unemployment for lower asset multiples? Who defines overvalued? Can it be me, I think it should be me. Given central banks’ track record targeting just 2 variables, why do we think they will do a better job with 3 variables? I am not good with math but I think that will be more difficult. Not less. Etc ad infinitum) Anyway, beyond the one sided presentation of issues, there are also jabs at his political opponents that seem strangely unnecessary, there are unproven theories, weird “social programming”
Details About The 10 Rules of Successful Nations by Ruchir Sharma
- Name: The 10 Rules of Successful Nations
- Author: Ruchir Sharma
- Language: English
- Genre: Comparative Economics
- Format: PDF/ePub
- Size: 1 MB
- Price: Free
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