Cato Video •

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.
Ruchir Sharma