Why Some Economies Succeed and Others Fail

Click on the 'Listen' button above to hear this interview.

Donald Trump has made anxiety about America's place in the world the center point of his campaign. 

"America has lost nearly one third of its manufacturing jobs since 1997 following the enactment of disastrous trade deals supported by Bill and Hillary Clinton,” the GOP nominee said during the Republican National Convention last week.

But it takes more than a few good trade deals to grow successful economies in a global market. What workers and governments see in their economies is the principle gauge of future prosperity.

Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management, and author of "The Rise and Fall of Nations: Forces of Change in the Post-Crisis World," explains why some economies succeed and others fail. Click on the 'Listen' button above to hear our full conversation.