HOW NATIONS SUCCEED
Murat A. Yülek
This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a
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Always read something that will make you look good if you die in the middle of it.
I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
Make it a rule never to give a child a book you would not read yourself.
Any book that helps a child to form a habit of reading, to make reading one of his deep and continuing needs, is good for him.
When people are frightened about going hungry and paying their mortgages, a scarcity model begins to prevail; they fear someone else will get their piece of the pie.
I’m a success today because I had a friend who believed in me and I didn’t have the heart to let him down.
Men do not understand books until they have a certain amount of life, or at any rate no man understands a deep book, until he has seen and lived at least part of its contents.
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
