Asian Economies Quotes

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

There was a time in the mid-'50s when the Philippines was in the same league as Japan economically and academics-wise.

The major economies are not American anymore. They are Asian and South American.

Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.

We can't attribute a long history of democratic traditions to Japan, either, but today Japan boasts a fully-fledged democracy in which governments change according to democratic procedures. It's no coincidence that the Taiwanese, Japanese, and South Korean economies are among the most innovative in Asia.

Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its causes, could lead to some loss of dynamism and growth in the region.

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.

China has lunged into the 21st century, while India is still lurching toward it.

When you look at the state of the economy right now, you have to set a priority. And my top priority is the deficit of jobs and economic growth, and especially this perception that the United States could be falling behind especially Asian economies.

During the 1990s, when India opened up to foreign investment, Japan was so mesmerised by the China opportunity that it chose to yield market space across a wide swathe of industries to South Korean competitors.

In the space of a decade, China and India have emerged as dramatic, dynamic competitors.

Apart from boosting our long-term economic strength like other Asian economic powers, Philippine companies expanding overseas and going beyond our comfort zones, or going to some uncharted territories, will help sharpen our management skills.

I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.

Until Japan's economy drove off a cliff, there was a running argument in Asia about whether it would be wiser to follow the 'Japan model' - with its megacorporations, jobs for life, state control of strategic industries - or the 'American model' of largely unfettered markets.

If we look at everybody's darling, China, there is an analogue called Taiwan that is inhabited by the Chinese as well. But the standard of living and of innovation of the Taiwanese economy cannot be compared with the Chinese growth rate.

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.

Some may argue that countries like Japan and China improved economically without English, but they, too, are learning English fast.

China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.