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Ruchir Sharma

Contributing editor

A writer and investor, he is the author of four books, including most recently “The 10 Rules of Successful Nations”. He is chair of Rockefeller International. The views expressed in his column are strictly his own.

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  • Monday, 26 February, 2024
    Equities
    A tale of two bull markets

    While the US rise in stock prices is all about tech, India’s boom is more broad-based

    new
    . Pedestrians walk past the Bombay Stock Exchange building in Mumbai
  • Monday, 12 February, 2024
    Joko Widodo
    A popular anti-populist’s exit poses a challenge for Indonesia

    After a decade of stability in a country not known for it, Joko Widodo will be a hard act to follow

    Close up three quarters view of a smiling Joko Widodo
  • Sunday, 28 January, 2024
    Politics
    Why political leaders are so unpopular now

    Voters are reacting to long-term problems, and looking for fresh fixes

    Britain’s Prime Minister Rishi Sunak, German Chancellor Olaf Scholz, France’s President Emmanuel Macron, Japan’s Prime Minister Fumio Kishida and U.S. President Joe Biden on stage with their flags in the background
  • Sunday, 14 January, 2024
    US immigration
    Immigration crackdowns are good politics but bad economics

    Leaders should be wary of curbing the force that helped save the world economy in 2023

    Texas National Guards watch migrants cross into the US. The immigration surge helped explain last year’s Goldilocks economy
  • Thursday, 4 January, 2024
    The Big Read
    Ruchir Sharma: top 10 trends for 2024

    Europe’s economy will be more resilient than the US, the dollar will weaken and investors will demand a premium on long-term debt

    A collage of 10 trends
  • Monday, 18 December, 2023
    Global Economy
    The world economy’s biggest problem is Africa

    Countries across the continent have been unable to capitalise on their demographic dividend

    A street in the Kibera district of Nairobi
  • Monday, 4 December, 2023
    Indian politics & policy
    Why Modi is cruising to a third term

    State elections show that the Indian prime minister keeps benefiting from the failings of the opposition

    Narendra Modi arrives at his party’s New Delhi headquarters on Sunday
  • Sunday, 19 November, 2023
    Chinese economy
    China’s rise is reversing

    The past two years have seen the largest drop in the nation’s share of global GDP since the Mao era

  • Monday, 6 November, 2023
    Global Economy
    The coming battle between world leaders and bond vigilantes

    As multiple nations go to the polls next year, pre-election spending by governing parties will be punished

    A polling station in Hillsboro, Virginia, US, on March 3 2020
  • Monday, 23 October, 2023
    Markets
    Why markets are relatively calm in the geopolitical storm

    Investors as a group don’t act like individuals — their collective mind recognises risk as a historical constant

    A firefighter stands amid the rubble of the Twin Towers collapse in New York
  • Sunday, 8 October, 2023
    Investing in funds
    Is there such a thing as smart money?

    Hollywood certainly thinks so but in reality superior market intelligence is rare

    Paul Dano stars as a YouTube financial analyst in ‘Dumb Money’
  • Sunday, 24 September, 2023
    US economy
    America’s mini economic miracle may be fleeting

    Biden-era spending has turbocharged growth — but the resulting debts may bring pain

    Close up of the eagle sculputre on the facade of the Federal Reserve building in Washington
  • Sunday, 10 September, 2023
    Chinese economy
    Have we reached peak pessimism on China?

    The consensus now sees the country stagnating long term, but is missing more dramatic short-term scenarios

    Workers install aluminum alloy formwork for house construction at a construction site
  • Sunday, 13 August, 2023
    Indian economy
    What India needs is more cricket and less Bollywood

    As the Indian Premier League adapts to the digital age, Hindi films lose fans thanks to stale scripts and ageing stars

    Shah Rukh Khan and Deepika Padukone in Pathaan
  • Sunday, 30 July, 2023
    US & Canadian companies
    What’s wrong with tech giants riding the AI wave

    It is dysfunctional for the same companies to dominate another innovation surge

    A 1960 mainframe computer
  • Sunday, 16 July, 2023
    US economy
    The trouble with American exceptionalism

    Deepening deficits now make the US one of the most fiscally irresponsible nations

    Three ironworker twist rebar for a barrier wall during the construction of a new bridge
  • Sunday, 2 July, 2023
    Emerging markets
    Here’s a tale of economic ‘resilience’ — but it’s not the one you think

    Emerging markets are proving less vulnerable to rising interest rates than many analysts feared

    A spice and grain market in New Delhi, India
  • Sunday, 18 June, 2023
    Billionaires
    Billionaires find big wins in big government

    Analysis of the mega-rich shows barely a dent in their fortunes or numbers

    A protester holds up a burning firework outside the LVMH headquarters
  • Sunday, 4 June, 2023
    Luxury goods
    Europe’s new success stories are built on high luxury, not high tech

    This raises hard questions for the continent in an age of vast wealth inequality and slow growth 

    An advertisement for Christian Dior on the first day of the winter sales in Paris in January
  • Sunday, 21 May, 2023
    Chinese economy
    ‘Boomy’ talk about the Chinese economy is a charade

    Wall Street forecasts are now even more optimistic than Beijing’s unreachable growth target

    A shopping centre in Beijing
  • Sunday, 7 May, 2023
    Indian politics & policy
    An economic miracle in India

    The state of Karnataka shows that capitalism and democracy still have a future

    A market in Bengaluru, the state of Karnataka’s capital city
  • Sunday, 23 April, 2023
    Global Economy
    What strong gold says about the weak dollar

    The US has been weaponising its currency — but that comes with a cost

    Gold bars sit stacked
  • Monday, 10 April, 2023
    US & Canadian companies
    Why America’s big companies keep getting bigger

    The beneficiaries of post-crisis rescues are established companies — this is not how capitalism is supposed to work

  • Sunday, 26 March, 2023
    Global Economy
    The unstoppable rise of government rescues

    A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system

    Crowds and police outside a bank on New York’s East Side, with Jay Powell of the Federal Reserve inset
  • Sunday, 12 March, 2023
    Global Economy
    Three global cities are pulling ahead since the peak of the pandemic

    Miami, Dubai and Singapore boom by welcoming those chased out of rival international hubs

    View from the ground looking up at people with the Burj Khalifa and other skyscrapers in the background
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