RUCHIR SHARMA

… of the world’s nearly 200 economies, only 35 have reached developed status and stayed there. The rest are still emerging, and many have been emerging forever.

When the times were good, many leaders neglected to keep pushing reforms and to invest profits wisely. As a consequence, their nations are now struggling to sustain growth.

The current fad in economic forecasting is to project so far into the future that no one will be around to hold you accountable.

Normally, as a country grows richer, students stay in school longer. But in Brazil, they remain in school for an average of just 7 years. The lowest rate of any middle-income country.

The current fad in economic forecasting is to project so far into the future that no one will be around to hold you accountable.

Normally, as a country grows richer, students stay in school longer. But in Brazil, they remain in school for an average of just 7 years. The lowest rate of any middle-income country.

… of the world’s nearly 200 economies, only 35 have reached developed status and stayed there. The rest are still emerging, and many have been emerging forever.

When the times were good, many leaders neglected to keep pushing reforms and to invest profits wisely. As a consequence, their nations are now struggling to sustain growth.