"I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy"
- Kim Dae Jung
About this Quote
In this quote, previous South Korean president Kim Dae Jung is revealing his belief that the current economic battles dealt with by Asian nations are mostly due to a lack of a strong market economy. He suggests that the conventional economic systems in numerous Asian countries might not contribute to growth and advancement, which accepting a more market-driven approach might help ease these problems. This declaration highlights the significance of free enterprise principles and the possible benefits they can give economies. It likewise shows the continuous debate and efforts to update and reform economic systems in Asia to promote growth and stability.
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