A Quote by Ma Jun
Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.
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The economic borderlines of our world will not be drawn between countries, but around Economic Domains. Along the twin paths of globalization and decentralization, the economic pieces of the future are being assembled in a new way. Not what is produced by a country or in a country will be of importance, but the production within global Economic Domains, measured as Gross Domain Products. The global market demands a global sharing of talent. The consequence is Mass Customization of Talent and education as the number one economic priority for all countries
For a country like India, which, unlike China, has domestic market for which manufacturing happens, manufacturing also happens for export.
When the consumer is strong, the American economy will be strong, so consumer protection actually serves economic growth and economic progress.
Creating jobs for your country's workers is about much more than ensuring that the balance sheets of your country's companies are strong, or stimulating domestic demand. It is about figuring out how your country's workers fit into the global economy.
For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.
China's government has far more control over the country's economy than our government has over ours, and it is moving from export dependence to a model of growth driven by domestic demand. Any restriction on exports to the U.S. would simply accelerate a process already underway.
China is a developing country with a huge population, and also a developing country in a crucial stage of reform. In this context, China still faces many challenges in economic and social development. And a lot still needs to be done in China, in terms of human rights.
A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country.
Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer.
The key to a resilient global recovery, where growth in each country advances growth in every country, is action directed at supporting demand at home.
The United States presents a value system to the world that is based on democracy, based on economic freedom, based on individual rights for men and women, .. I think that is what makes us such a draw for nations around the world. People come to the United States to be educated, to become Americans. We are a country of countries and we touch every country, and every country in world touches us.
It may be a truism that the country cannot be strong abroad unless it is strong at home, but it's also a fact that the country's economic prosperity depends on its security abroad - not only in the core of the liberal democratic world but often well beyond it, too.
Just as the Japanese pioneered a new form of manufacturing - lean production and quite new standards of reliability - so Tata, too, is embracing new forms of manufacture in order to revolutionise the price to meet the consumer needs of a poor, developing country.
Developed countries and advanced developing countries must open their markets for products from the developing world, and support in developing their export and import capacity.
What Asia's postwar economic miracle demonstrates is that
capitalism is a path toward economic development that is potentially
available to all countries. No underdeveloped country in the
Third World is disadvantaged simply because it began the growth
process later than Europe, nor are the established industrial powers
capable of blocking the development of a latecomer, provided
that country plays by the rules of economic liberalism.
Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.
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