Michael Specter Quotes

Deng Xiaoping made a calculation. He bet on demographics. What he knew was that China had this enormous population of young, underemployed people, people who he could move from the farms to the coast and put them to work in factories, and that would be the lifeblood of China's economy.

There are emerging countries. I mean, there are countries, you know, China, India, and Brazil, and all of these countries that are emerging. They are building homes. They are building - so there is a new lifestyle.

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.

I think the modernization of Chinese economy and Chinese society is a prime concern.

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

The explosive growth in places like Shanghai has helped lift hundreds of millions of people out of poverty and into a thriving new middle class. What China has done is nothing short of an economic transformation, and the citizens of this country have every right to be proud.

China is still a developing country with a myriad of tasks and challenges.

Today, being the biggest developing countries in the world, China and India are both committed to developing their economy and raising their people's living standards.

When I was a student there in the mid-1990s, they had just created the weekend; depth and individuality were slowly returning after the austere, colorless low of the 1970s. When I returned to live in China from 2005 to 2013, the country was building everything anew.

The electronics industry expanded rapidly and the seeds for the semiconductor and software revolution were planted. The postwar period also saw the suburbanization of America, the rise of the homeowner, the build-out of the interstate highway system, and the rise of automobile culture. Credit availability expanded dramatically.

In my International Development Scheme, I propose that the profits of this industrial development should go first to pay the interest and principal of foreign capital invested in it; second to give high wages to labor; and third to improve or extend the machinery of production.

China is developing very quickly. At every stage, its needs are different.

Prime Minister Singh is to be commended for beginning the process of transforming India into a global economic power by initiating economic liberalization in the early 1990s.

I am pleased for Poland as a country, that new motorways are being constructed, new businesses, new stadiums.

Americans were happy to buy vast quantities of relatively inexpensive Chinese manufactured goods, demand for which provided jobs for the tens of millions of Chinese who moved from poor agricultural areas to new or rapidly expanding cities.

Thank you industrialization. Thank you steel mill. Thank you power station. And thank you chemical processing industry that gave us time to read books.

Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth.

There is no denying the fact that China has been able to convert its economic might into commercial and technological capability.

What was once a fringe idea - finding a way to use the record levels of overseas capital to finance new projects in the United States - is now mainstream. The support is there; we just have to work out the details.

I am drawing my inspiration from resource-constrained developed nations like Japan, South Korea, Singapore, and Dubai in attracting global investments. Compared with them, Andhra Pradesh has more resources to leverage on.

We would like to draw the attention of our partners, of potential investors to the Russian Far East.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

It takes more than industry to industrialize.

What is applicable is to understand that first of all China has undergone a huge revolution in the last years. Anyone who saw China as I did in 1971 - and for that matter even in 1979, because not much had changed between 1971 and 1979 - and sees China today, knows one is in a different economic system.

Liberia has to take primary responsibility for its own reform agenda. But our resources are limited. We have to attract the private sector to get jobs to our people that will enable us to raise the government revenue, but to do that we have to build infrastructure. It's a very complex problem of development we are facing here.