Economic Modernization Quotes

The economy of tomorrow is unlikely to look much like that of yesterday.

That Marxism should triumph in Russia, where there is no industry, would be the greatest contradiction that Marxism could undergo. But there is no such contradiction, for there is no such triumph. Russia is Marxist more or less as the Germans of the Holy Roman Empire were Romans.

I started digging and found that Israel signed a peace treaty with the United Arab Emirates after the country had diversified their economy, instead of being solely oil-based. This diversification had brought about modernization. I realized that if you land the price of oil, countries will diversify their economies and as a result, modernize.

They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.

… of the world’s nearly 200 economies, only 35 have reached developed status and stayed there. The rest are still emerging, and many have been emerging forever.

I think the Greek people, although it is difficult and challenging and the politics of it I know are not good, should appreciate the fact that in this global economy, the Greek economy was going to have to go through some structural reforms.

Lincoln was a modernizer, so to speak. He believed in economic development. As a Whig before the war he favored what we would call infrastructure spending, government appropriation for canals, railroads, river and harbor improvements, and a tariff to protect industry. He believed in this market revolution that was sweeping across Northern society. He himself benefited from it in his own life.

Agribusiness and food processing are important parts of modernizing our economy, of modernizing our agriculture and moving into a phase where a more modernized agriculture helps not only farmers but also helps consumers.

Over the past 7 years, we've tried to modernize the economy, and today what we're doing is modernizing the financial services industry, tearing down these antiquated walls, and granting banks significant new authority.

The cost of pension reforms has been perhaps the biggest error committed in the process of modernizing Bolivia's economy.

In Japan, there was no comparable (to our competitive economy) organic development; when the country was suddenly thrown open, the very idea of 'competition' was strange to them, and when Western economic writings were first translated into Japanese, it was necessary to make a new word for it. It was a combination of the Japanese words for 'race' and 'fight.'

In a fundamental sense, this debate about NAFTA is a debate about whether we will embrace these changes and create the jobs of tomorrow, or try to resist these changes, hoping we can preserve the economic structures of yesterday.

Our objective must therefore be to ensure EU better regulation contributes towards delivering a modern European Union which relentlessly focuses on building a dynamic and innovative economy equipped to meet the challenges of the 21st century.

Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.

A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arrangements from expanded property rights to company law and financial institutions.

We have already begun taking concrete steps to change the structure of our economy and, as we have discussed a great deal, to give it a more innovative quality.