Ruchir Sharma, the author of international bestseller Breakout Nations: In Pursuit of the Next Economic Miracles (Breakout Nations), has been selected as one of the Top Global Thinkers of 2012 by the prestigious Foreign Policy magazine. The criteria for selection was the author's standout contribution to the intellectual debate in 2012, and as the magazine states in its December issue, Breakout Nations debunks the conventional wisdom that the emerging markets of the last decade will continue to drive global growth in the next one.
The list of thinkers featured a wide array of individuals, from political leaders such as Aung San Suu Kyi and Hilary Clinton to investors Warren Buffett and George Soros along with economists Ben Bernanke and Paul Krugman. Sharma is the top ranked Indian national, ahead of Bihar Chief Minister Nitish Kumar and chief economic advisor, Raghuram Rajan who are the other prominent Indian nationals on the list.
The Foreign Policy issue also includes an article adapted from Mr. Sharma's book on the seven new breakout nations to watch out for in 2013. As Sharma states in the article: Todays global economy is all about moderate, uneven growth, with stars emerging in previously underappreciated nations. Forget about BRICS, the Philippines, Turkey, Indonesia, Thailand, Poland, Sri Lanka and Nigeria are the real Breakout Nations to watch.
The recognition by Foreign Policy follows the success of Breakout Nations as an international bestseller. The book has also been nominated in the 2012 long list of the Financial Times and Goldman Sachs Business Book of the Year Award, and the Tata Literature Live! First Book Award.
Ruchir Sharma is Head of the Global Emerging Markets Equity team and also leads Morgan Stanley Investment Management (MSIM)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 has written for publications such as The Wall Street Journal, Financial Times, New York Times and Time. He is also a contributor to The Economic Times, writing a regular column on global financial markets since 1991.