"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.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
