Want to know which emerging markets will thrive and which will fail? Listen to Morgan Stanley Investment Management's chief global strategist as he ticks through his ten metrics for determining the fate of economies. Hint: China is in a bad place. His new book, "The Rise and Fall of Nations" has some lessons for the developing world to consider, too.

Description: The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob debates and discusses trends in finance, business and economics with those who shape them, from central bankers and corporate executives to authors and artists.

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