Friday, Dec 02, 2022
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Spoken Like Savant Superior

Spoken Like Savant Superior

Ruchir Sharma delivers a witty masterclass on the expansions and contr actions of globalisation

Rule No. 6 Photograph by AP

Brexit! A bolt of painful irony hit as soon as I began this review of The Rise and Fall of Nat­ions: Ten Rules of Change in the Post-Crisis World by Ruchir Sha­rma. Both my books, SuperPower? and Sup­erEconomies, which share a tiny lineage with Ruchir’s far more seminal works, are pre­dicated on the irr­esistible and irreversible wave of globalisation. But Brexit has put a violent question mark on, if not fully repudiated, this phenomenon that has reshaped the world.

Brexit shows that the burgeoning flow of capital, technology and people across our planet could freeze in a nativist thrall. And Ruchir may have been prescient about this abrupt brake, since it is implicit in the “basic principles that underlie all the (ten) rules. The first is impermanence.... Trends in globalisation have ebbed and flowed ever since Genghis Khan secured commerce along the Silk Road in the twelfth century”.

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