Posts Tagged ‘Sharma ’

China’s “Lewis Turning Point”

Tuesday, January 8th, 2013

Looking to the year ahead, what big economy-shaping issue should we be thinking about? A growing number of analysts will say that it’s China’s economic transition and its far-reaching implications. China rebounded in the fourth quarter after slowing in the prior three quarters, but the recovery appears to be in response to stimulus spending.

The crucial question is what comes next? What’s in store for China’s once-a-decade new government, and how will global markets be affected?

(more…)

The Great Expectations Game

Sunday, June 3rd, 2012

Place your bets

Amid this summer’s bumper crop of books on global economics, one title is generating exceptional buzz, and deservedly so.

The book is Breakout Nations: In Pursuit of the Next Economic Miracles, by Ruchir Sharma, who leads Morgan Stanley’s emerging markets practice. He’s been a columnist at Newsweek and the Economic Times of India.

At his day job, he places bets on potential winners – a task that was easier in the past than it will be in the future based on his outlook. Traveling regularly to the countries he analyzes, Sharma brings a valuable, on-the-ground view to his work.

Thoughtfully composed, Break Out Nations takes readers on contrarian’s tour of the world where macro forces lift some economies while hindering others.

(more…)

Brazil’s Siren Call

Monday, May 21st, 2012

Rio morning

New day in Brazil

A popular joke about Brazil of the ’70’s and ’80’s went: “It’s the country of the future, and it always will be.” Today, Brazilians wryly retell the joke as a reminder of those painful days when inflation reached 80 percent monthly and their country was adrift.

The future has arrived for a growing number of Brazilians. Thanks to soaring commodity prices and a government committed to avoiding the mistakes of the past, the world’s sixth largest economy is on a path toward sustained growth.

Brazil now has an investment grade rating given only to stable, growing economies. Many investors and entrepreneurs view the country as the emerging market that’s most likely to succeed. In a recent survey of 1,258 global chief executives, Brazil ranked highest, after China and the USA, in importance to their companies’ growth prospects.

Is the exuberance founded? Do the facts support the sanguine forecasts about Brazil?

(more…)