“It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.” ThinkingFirstsCountryEconomyStrategySouthChinaEastJapanPhasesKoreaImportsSubstitutionSouth Korea Author:Jairam Ramesh
“The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.” CountryEconomyGrowingDirectBasesInvestmentProductionsEastJapanAsianImportsAccelerateAsian Countries Author:Toshihiko Fukui
“What is doing the damage is the fact that the U.K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling.” FactsShowsEconomyImportanceDamagePullingImportsSterling Author:Adam Cole
“We forget today that Britain still depends for its livelihood and, indeed, its day-to-day survival, on the sea. But the Royal Navy is now pitifully small and has been reduced in size by the current Government, seeking economies to finance its social programmes. Fine while there is no threat to our security. But what use would schools and hospitals be if we could not protect our imports?” IfsHas BeensStillsUseGovernmentTodaySchoolSocialForgetEconomySeaSecurityFineDependsProtectSurvivalThreatSizeCurrentsSeekingFinanceBritainHospitalsDay To DayRoyalNavyProgrammesLivelihoodImportsRoyal Navy Author:John Keegan
“We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export.” WorldYearsEconomyEconomicProductsWeakResponseBillionsStrongestEnginesImports Author:Jennifer Granholm
“A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.” ImportantHardGovernmentIndividualNationsLevelsEconomyInfluenceEconomicActivityRateInvestingRangeSwingsImports Book:Changing fortunes: the world's money and the threat to American leadership Source: Changing fortunes: the world's money and the threat to American leadership
“Haiti is extremely stratified socially with a number of large families controlling most of the economy, and import-export.” NumbersEconomyImportsHaitiLarge Family Author:Michele Montas
“My solutions are to include Africa in the global economy, and not African charity, AIDS research, but African infrastructure development. And I think that Africa can import and needs everything the whole world can manufacture. And they have got enough money to pay for it. It's just that the money is in the ground.” ThinkingWorldNeedsEnoughWholePayEconomyDevelopmentSolutionsResearchCharityAidsWhole WorldInfrastructureImportsGlobal Economy Author:Andrew Young