The book Breakout Nations Essay Example | Topics and Well Written Essays - 750 words

The book Breakout Nations - Essay Example To recognize the countries that will emerge as economic winner in the future, it is important that one should abandon the habit of making assessments from past events and putting diverse countries in one bracket. It is required that emerging markets be treated separately and one should remember that economic success is not an everyday issue. The new â€Å"breakout nations† may jump from the darkness and Sharma identifies the nations they probably will be and attempts to explain the reason behind his speculation. Through this book, Sharma looks at the world from the glasses of a veteran market player. His book is based on his experiences and studies on developing countries that he gained after twenty years of travelling around the world. This book defines a breakout nation as the one that exceeds expectations or that develops faster than other countries having the same per capita income. Sharma has explained the reason behind this definition. He says that there is a circulating myth that if China’s economic growth gets reduced from its previous rate then it will make no difference as China will still be progressing faster than many western nations. Sharma, however has two views on this. According to him if China’s growth rate declines, then it will be considered as recession within the nation, and also for the rest of the world because people are accustomed to the previous growth rate of China. Sharma explains that other than growth rate, it is also important from where the growth starts. With two nations having same growth rates, it is the country with more per capital income that will be making a huge achievement. He said â€Å"per capita income is the critical measure because a growing pie doesnâ⠂¬â„¢t change a nation’s circumstances if the number of mouths it needs to feed is growing just as fast.† (Sharma, 19) Sharma attempts to speculate as to what factors contribute towards some nations that can