Alex Mousoloplpolous
Ruchir Sharma is a writer and investor and with this in mind one needs to be skeptical reading his book called " Breakout Nations". This is a guy who thinks population explosions is good for a country as workers are lowered to take less pay and this is good for the economy ruled and managed by a small elite class. In this book the author gives a quick glimpse of the economic history of the emerging countries he feels will be powerhouses in the future in the globalized world and it is the usual countries they all talk about. In India he thinks a huge population is good for the country but this is only true if their spending and lack of infrastructure to help the rest of the four hundred million people in poverty is never materialized.
No country can ever become a powerhouse with the divide India has and the exclusion of so many poverty stricken people within the borders. India will never be a major economic force nor will Brazil. these countries had a few years of incredible growth as they squeezed with all their might to get as much out of their citizens while keeping many in poverty and doing little to increase their plight. These are the visions of globe traveling fools like Ruchir hope to see and continue to surpass growth expectation and keep wealth distributing and growing for those at the top while austerity and belt tightening measures are made for everyone else who is not a multi-millionaire. Ruchir writes a chapter abut Mexico's tycoon economy and how power in a few hands have helped lead to a desperate drug war by the poor with no other means but migrations and smuggling. the oligarchs in Mexico are happy to see their poor move North taking less pressure towards their agendas and political instability avoidance that can ruin their state run domination of a few companies. This is another book abut the suppose shifting economic power towards emerging nations like Russia and turkey that are about as stable as a bird in the air with broken wings. these countries in fact have seen their prospects reduced dramatically and when you have few democratic values in a culture there is little chance for sustainable long-term growth for these emerging markets that are routinely touted for global economy.
Ruchir doesn't tell you that the only reason these markets even emerged from the jungles and ashes of a third world outhouse was the dismal wages Western countries allowed their companies to set up shop over there and pay workers banana wages. The West allowed their companies to go to Asia to do high-circuit manufacture for electronics and work for pennies in garment factories so western women can have two hundred clothing items in a wardrobe. there is no emergence for a country that allows its citizens to be wage-slaves to those outside their country
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