'In a world reshaped by slower global growth, we need to start looking at the emerging markets as individual cases/ Amen. Ruchir Sharma's Breakout Nations is this decade's response to Jim O'Neill coining the term 'BRICs' - an acronym for the rising global economic power of Brazil, Russia, India and China - back in 2001. Namely, post-financial crisis, it has become all too clear that the acronym no longer holds water because these four countries are so dramatically different on virtually every metric. Grouping all emerging markets into a single monolithic asset class is an even greater 'sales gimmick' - and Breakout Nations breathes life into Sharma's claim that 'not all 5 percent growth rates are created equal'.
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