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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Try to save something while your salary is small; it’s impossible to save after you begin to earn more.
Here's my gift-giving rule: Respect your current financial situation.
It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.
Do not go where the path may lead, go instead where there is no path and leave a trail.
Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
Wealth is the ability to fully experience life.
You can never get a cup of tea large enough or a book long enough to suit me.
