A Quote by Ha-Joon Chang

It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries.

Ha-Joon Chang

Quote Topics

Absorb Advanced Backward Because Better Chance Cheaper Competition Costly Country Develop Experience Giving Giving Up However Import Industries International It Takes Time Learning Need New Paid Period Price Producers Products Protection Takes Technologies Time Up Wants

Quote Author

Ha-Joon Chang
South Korean - Economist
Born: October 7, 1963

In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or values well in excess of the price paid.

Benjamin Graham

Most of us tend to view childhood as a time of carefree pleasure. Those of us who have looked at the real condition of children in America, however, see a very different picture-one in which children are victims of terrible discrimination, prejudice, and abuse. They need protection. But the protection they need most is to have the protection of civil rights, so that they can be regarded as full persons under the law.

Richard Farson

The main thing is you have to be under the protection of spirituality, under the protection of morality, under the protection of divine laws. If you're not under that protection, you can get caught up into anything.

Nirmala Srivastava

Protection of human life can be costly; but so is the neglect of that protection.

Max Anders

When it comes to climate protection, the whole world will have to pay the price. But if Donald Trump intends to conclude a trade agreement with the EU, he will have to abide by our climate standards. In any case, waiving climate protection does not make American products more competitive.

Martin Schulz

The only real protection will come from doing a spiritual practice over a prolonged period of time. Because it retrains us to see the world and ourselves in a different way.

Krishna Das

Colonial system, public debts, heavy taxes, protection, commercial wars, etc., these offshoots of the period of manufacture swell to gigantic proportions during the period of infancy of large-scale industry. The birth of the latter is celebrated by a vast, Hero-like slaughter of the innocents.

Karl Marx

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

Warren Buffett

In transforming backward agricultural China into an advanced industrialized country, we are confronted with arduous tasks and our experience is far from adequate. So we must be good at learning.

Mao Zedong

Competition is good for consumers for the simple reason that it compels producers to offer better deals - lower prices, better quality, new products, and more choice.

John Vickers

The quarterback gets plenty of protection in the pocket, and he picks up protection out of the pocket; he's got protection down the field on his slides.

Jeff Fisher

For similar folly, our own country, in the transition from the colonial period, also paid a fearful price; and from a like catastrophe the United States has been twice saved in our time by the arguments formulated by Turgot.

Andrew Dickson White

In addition, the Protection of Lawful Commerce in Arms Act provides protection for those in the firearms industry from lawsuits arising out of the criminal or unlawful acts of people who misuse their products.

Bob Ney

The 1920s and 1930s were a period of sensational productivity growth: new products were springing up all over the place, and most of those new products and new methods were developed by people who started their own companies.