In the boom days before the financial crisis, emerging markets grew fast and appeared poised to catch up with the developed economies. Almost a decade later, many have lost their luster, including Brazil, China, or Russia. With the West now looking inward and globalization stalling, the low barriers and global supply chains that fueled much of their previous growth seem under threat. Yet there are some bright spots among the world’s economies, and perhaps some hidden gems as well. Which countries are tomorrow’s growth markets? Can the US revive the postwar miracle, as many now hope? How should people, companies, and governments—each with different time horizons—think about investing globally?
Ruchir Sharma’s latest book, The Rise and Fall of Nations: Forces of Change in a Post-Crisis World, is a New York Times bestseller. It will be available for sale and signing from The Book Cellar.