FCC club lunch with Ruchir SHARMA

Speaker: Ruchir SHARMA
Managing Director, Head of Global Emerging Markets Equity team
Morgan Stanley Investment Management

Topic: Breakout Nations: in pursuit of the next economic miracles

Mr. SHARMA will talk about the main themes in his new bestseller, “Breakout Nations: In Pursuit of the Next Economic Miracles”, for example that the astonishingly rapid growth over the last decade of the world’s celebrated emerging markets is coming to an end. He feels that the era of easy money and easy growth is over. China, in particular, will soon slow, but its place will not necessarily be taken by Brazil, Russia or India. To identify the economic stars of the future, the speaker feels we should abandon the habit of simply extrapolating from general global trends and look at emerging markets individually. The new ‘breakout nations’ will probably spring from the margins – even from the shadows. SHARMA identifies which they are most likely to be, and why.

Ruchir SHARMA is Head of the Global Emerging Markets Equity team and also leads Morgan Stanley Investment Management’s Global Macro effort. He joined Morgan Stanley in 1996 and has 18 years of investment experience. Mr. SHARMA has been a contributing editor with Newsweek and writes for publications such as The Wall Street Journal and Time. He is also a contributor to The Economic Times, India’s leading financial daily, and has been writing a regular column on global financial markets since 1991.