Breakout Nations: In Pursuit of the Next Economic Miracles
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.