“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
“Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?” ThinkingKnowsFirstsWellsRunningGreedChinaRussia Author:Milton Friedman
“I always was fascinated with China, because I was born in Europe, and for us, China had this fascination and mystery. The first time I came here was in 1989. They were on bicycles, and the speed of the growth has been incredible.” FirstsHas BeensGrowthBornMysteryFirst TimeEuropeIncrediblesChinaSpeedFascinatedFascinationBicycle Author:Diane von Furstenberg
“When the history of the 20th century is finally written, one of its key features will be the wanton slaughter of more than 170 million people, not in war, but by their own government. The governments that led in this slaughter are the former USSR (65 million) and the Peoples Republic of China (35-40 million). The point to remember is that these governments were the idols of America's leftists. Part of the reason for these and other tyrannical successes was because the people were first disarmed.” PeopleFirstsWarReasonGovernmentAmericaRememberMillionsWrittenCenturyKeysChinaFormerFeaturesRepublicIdols20th CenturySlaughterLeftistsWantonUssr Author:Walter E. Williams