Shannon K. O'Neil Quotes

We have no longer States that are necessarily only planting States. None are excluded from achieving that diversification of pursuits among the people which brings wealth and contentment.

Cities have made the transition from industrial to service economies.

The raw fact is that every successful example of economic development this past century—every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living—has taken place via globalization; that is, by producing for the world market rather than trying for self-sufficiency.

For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.

... a better government: more complete security of property; moderate taxes; a more permanent ... tenure of land ... the introduction of foreign arts ... and the introduction of foreign capital, which renders the increase of production no longer exclusively on the thrift or providence of the inhabitants themselves.

If Pakistan is to play its proper role in the world to which its size, manpower and resources entitle it; it must develop industrial potential side by side with its agriculture and give its economy an industrial bias. By industrializing our State, we shall decrease our dependence on the outside world for necessities of life; we will give more employment to our people and will also increase the resources of the State.

Modernization is found in markets.

The War of 1812 has given new direction to wealth and industry in the United States, and manufacturers grew up as if by magic.

India, China, and Latin America have a tremendous stake in the people's century. As their masses learn to read and write, and as they become productive mechanics, their standard of living will double and treble.

It is impossible for any power to become eminent in commerce, without excelling in manufactures and navigation. America is capable of supporting and increasing both …

Without a consumer society there was no need for an industrial revolution.

Thus in the Old World also the production of wealth must be increased, but this enterprise is far more difficult in Europe than in America. The population of Europe is much more dense than in the New World: a portion of its lands is exhausted: the great number of political subdivisions, and the multiplicity of tongues, increase enormously the difficulties in the way of business on a great scale. Traditions handed down from the time when men toiled to produce slowly and in small quantities things shaped toward a far distant ideal of perfection are still strong among its people.

In transforming a 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.

China became an economic power with few equals. By 2010 China gad overtaken Japan as the world’s second largest economy in terms of GDP, China’s transformation consistently drew one ideas beyond it shores.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.

While China succeeded in transferring nearly 150 million people from agriculture to manufacturing, we could not do so, due to lack of skilled manpower.

If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

Developing nations want to become developed nations.

We believe in the vision of 'Make in India,' and our proposed joint venture with Rafael is a step in this direction.

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

The civilized world is far ahead of us. We have no choice but to catch up.

Development involves methodically destroying the real world or the world of living things in order to substitute in its stead a totally different world; the surrogate world or world of human artifacts—that which most favors the maximization of GNP