Evenhanded, measured, sage advice on the global economy.
This efficient, positive guide for the practical observer and investor shows how to choose healthy emerging markets.
After the 2008 global financial crisis, impermanence is the watchword, writes Sharma (Breakout Nations: In Pursuit of the Next Economic Miracles, 2012), the head of emerging markets and global macro at Morgan Stanley Investment Management. Since no one seemed to have been able to predict the 2008 meltdown, and the most-hyped emerging nations of Brazil, Russia, India, and China (BRIC) have now fallen into being considered a “bloody ridiculous investment concept,” the author urges the use of skepticism, short-term planning (five or six years), and reliable data in trying to grasp forces of change. His “rules,” developed over “25 years on the road” with a team of researchers, encompass the factors of growth in some “fifty-six postwar emerging economies that managed to sustain a growth rate of 6 percent for at least a decade.” In each chapter, rather than moving country by country, Sharma tackles one of these factors. He looks at demographic data in order to get a sense of the makeup of the available workforce (falling birthrates are prompting countries to add incentives for having babies, such as in Singapore, France, and Chile, along with increasing the retirement age and attracting migrants), and he considers whether a new political leader will be able to enact reforms (e.g., Brazil’s Lula da Silva), investigates areas of income inequality (e.g., billionaires in India), and examines state spending and how to make the most of a country’s “geographic sweet spot” (e.g., Korea, Taiwan, Vietnam). Sharma discusses investment in factories, the measurement of food prices, and the importance of ignoring the “hype watch” and of keeping an eye on the locals to determine when a country is in crisis or recovery. The final chapter is a rather bold assertion of which countries might be considered “the good, the average, and the ugly.”
Evenhanded, measured, sage advice on the global economy.Pub Date: June 7, 2016
ISBN: 978-0-393-24889-0
Page Count: 440
Publisher: Norton
Review Posted Online: April 12, 2016
Kirkus Reviews Issue: May 1, 2016
BOOK REVIEW
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”
The powerful story of a father’s past and a son’s future.
Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”Pub Date: July 8, 2015
ISBN: 978-0-8129-9354-7
Page Count: 176
Publisher: Spiegel & Grau
Review Posted Online: May 5, 2015
Kirkus Reviews Issue: July 1, 2015
BOOK REVIEW
BOOK REVIEW
SEEN & HEARD
BOOK TO SCREEN
BOOK TO SCREEN
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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