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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He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
It is our choices, that show what we truly are, far more than our abilities.
The individual investor should act consistently as an investor and not as a speculator.
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
Innovation distinguishes between a leader and a follower.
Our greatest fear should not be of failure… but of succeeding at things in life that don’t really matter.
If all the economists were laid end to end, they’d never reach a conclusion.
