Economic Miracle Quotes

China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

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

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

Ireland, once an impoverished backwater from which generations fled, conjured an economic miracle…. After 2007, the party ended in a morass of insolvent banks, bad mortgages, and unpaid public debt, ultimately sending the proudly independent country begging to the International Monetary Fund.

China and India are the success stories; rapid growth in large countries is an engine that can make a colossal dent in world poverty.

The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.

How a peaceful, uncrowded place with ample wherewithal stays poor is hard to explain. How a conflict-ridden, grossly over-populated place with no resources whatsoever gets rich is simple. The British colonial government turned Hong Kong into an economic miracle by doing nothing.

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.

Well, the questioner came from Singapore, which has perhaps the best economic record in the history of developing an economy. And therefore he referred to 15 percent per annum as modest. It's not modest, it's arrogant.

I would like to pass into history as the man of the economic miracle of Angola... That's my mission.

Let's take Southeast Asia. The last 20, 30 years has been what's called the "Asian Miracle" - fast economic growth, industrial society. It's happening all over, with one exception, which one? The Philippines is the one that can't grow, which the US has been running for 100 years. Is there a correlation? Have you read about it? It comes to mind, at least.

Which European leader today would not relish the wonder-working powers of a Moses? Budget deficit? Unpopular cuts? How about just a little miracle, an overnight increase in gold reserves, a new oil field, or the next world-changing communications technology? Surely that's not too much to ask.

I will revive the legend of the economic miracle, making the country a place where people have no worry about living and young people merrily go to work.

Money is a miraculous thing. It is your personal energy reduced to a portable form and endowed with power you yourself do not possess. It can go where you cannot go; speak languages you cannot speak; lift burdens you cannot touch with your fingers; save lives with which you cannot deal directly.

Until the Nineteen-Eighties, when Deng Xiaoping designated the area as China's first special economic zone, Shenzhen had been a tiny fishing village. Suddenly, eleven million people appeared, seemingly out of nowhere; factories sprang up, often housed in hastily constructed tower blocks.

It's getting worse under Prime Minister Modi. The economic miracle has failed, to a degree, and people are reaching back to a kind of imagined Hindu past for a feeling of pride. And that feeling of pride necessarily comes from denying any kind of Muslim heritage. People my age seem to be becoming illiberal in a way that I'm surprised by.

If we transform our population into a trained, focused, balanced and inspired population, India will be a miracle.

Having lost the last war, they are currently enjoying a "Wirtschaftswunder," which can be briefly translated as "The best way to own a Mercedes is to build one."

But the Spain which emerged around 1960, beginning with its economic miracle, created by the invasion of tourists, can no longer result in impassioned dedication on the part of its intellectuals, and even less on the part of foreign intellectuals.