Breakout Nations: In Pursuit of the Next Economic Miracles

(Norton, 2012)

Book Forum
May 22, 2012 12:00PM
Hayek Auditorium
Featuring the author Ruchir Sharma, Head of Emerging Market Equities and Global Macro, Morgan Stanley Investment Management; with comments by Swaminathan S. Anklesaria Aiyar, Research Fellow, Center for Global Liberty and Prosperity, Cato Institute; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.

Which countries will become breakout nations, maintaining high growth or exceeding expectations in the coming years? According to Ruchir Sharma, China, Brazil, Russia, and South Africa will all disappoint, while India has no more than a 50 percent chance of sustaining its good performance. Two Muslim democracies, Turkey and Indonesia, have strong credentials to become the next breakout nations. In Europe, the top candidates are Poland and the Czech Republic. The United States, despite current problems, retains enough innovation and entrepreneurship to beat expectations. Sharma will discuss how trends of the last decade will change and he will justify his analysis. Swami Aiyar will challenge some of the author’s country assessments.