A Quote by Kim Dae Jung
I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.
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The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.
A certain amount of impatience may be useful to stimulate and motivate us to action. However, I believe that a lack of patience is a major cause of the difficulties and unhappiness in the world today.
Lack of understanding of interrelatedness has caused numerous divisions and conflicts that are the cause of many major challenges in the world such as war, violence, terrorism, economic disparity, and exploitation.
We know that a smarter Australia means a stronger Australia. An Australia able to grasp the opportunities of the Asian Century. A skilled workforce and a strong, productive and resilient economy. We know we'll only win the economic race in the Asian Century if we win the education race.
Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.
If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability economic, political and social.
If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability _ economic, political and social.
Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
President Obama's assault on the free-enterprise market and venture capitalists is anti-American and shows his greatest insecurity: his lack of private sector experience and his inability to understand the economy and help businesses thrive in these uncertain economic times.
I think it is manmade. I think it's clearly manmade. If you don't understand what the cause is, it's virtually impossible to come up with a solution. We know what the cause is. The cause is manmade. That's the cause. That's why the polar icecap is melting.
The difficulties of economics are mainly the difficulties of conceiving clearly and fully the conditions of utility.
They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.
I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.
I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
Only by transforming our own economy to one of peace can we make possible economic democracy in the Third World or our own country. The present economy generates wars to protect its profits and its short-term interests, while squandering the future. Unless we transform the economy, we cannot end war.
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