Includes bibliographical references (pages 417-445) and index.

Prologue: Into the wild -- Introduction: Impermanence -- People matter -- The circle of life -- Good billionaires, bad billionaires -- Perils of the state -- The geographic sweet spot -- Factories first -- The price of onions -- Cheap is good -- The kiss of debt -- The hype watch -- The good, the average, and the ugly.

Shaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma rethinks the "dismal science" of economics as a practical art. Narrowing the thousands of factors that can shape a country's fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, this is an entertaining field guide to understanding change in this era or any era. Head of emerging markets and global macro at Morgan Stanley Investment Management, Ruchir Sharma is the author of Breakout Nations. He writes frequently for the Wall Street Journal and lives in New York City.