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Joe Studwell

How Asia Works

  • Valentin Gatskoje citiraoпре 5 година
    But most services require goods or people to travel in two directions, adding time and cost.
  • Valentin Gatskoje citiraoпре 5 година
    In short, productivity gains in services are inherently slower than in manufacturing because there is greater dependence in the former on people and on enhancing human skills
  • Valentin Gatskoje citiraoпре 5 година
    See Klaus Deininger and Lyn Squire, ‘New Ways of Looking at Old Issues: Inequality and Growth’, Journal of Development Economics, vol. 57, no.
  • Valentin Gatskoje citiraoпре 5 година
    ‘They are city states,’ writes Wade, ‘and not to be treated as economic countries.’
  • Valentin Gatskoje citiraoпре 5 година
    Freund concludes: ‘Peasants were actually more productive in per-acre use of the land.’
  • Valentin Gatskoje citiraoпре 5 година
    Or as Deininger puts it: ‘there is a strong negative relationship between initial inequality in asset [land] distribution and long-term growth’ and ‘inequality [in land distribution] reduces income growth for the poor, but not for the rich’.
  • Valentin Gatskoje citiraoпре 5 година
    Once again: there is no significant economy that has developed successfully through policies of free trade and deregulation from the get-go.
  • Valentin Gatskoje citiraoпре 5 година
    From micro interventions, however, economic miracles will not spring.
  • Valentin Gatskoje citiraoпре 5 година
    Economic development is only one part of a society’s development. The other parts, to do with freedom and the rights of the individual, are no less important
  • Valentin Gatskoje citiraoпре 5 година
    Far better to take a page out of Park Chung Hee or contemporary China’s book: make public pronouncements about the importance of free markets, and then go quietly about your dirigiste business.
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