The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World

by Ruchir Sharma

The popular media’s admiration then swung to the United States, which did look stunningly strong. At the height of the Asian financial crisis in 1998, the U.S. economy expanded at a blistering 5 percent pace, and consumer demand in the United States prevented the world from slipping into a recession. It was almost impossible