Economic Transition Quotes

Our economy, for a long while, has been transitioning from one reliant on industrial strength to one based on digital information. The next step in this transition is a digital economy shaped by connectivity.

I think we've seen at least the beginnings of rather significant social and economic change in the Muslim world, which I think will in due course lead to more political change.

As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles and for the present day. It was an economy in transition, as it were, to a state where business cycles as we know them would develop.

No country now in transition will be able to accommodate demands for either economic security or social justice anytime soon.

I don't have farmers I can convert into factory workers.

The story of the next century is the transition from an industrial, resourced-based economy to a knowledge economy.

Instead of being focused on teaching what we already know, we now have to be focused on creating new knowledge that is China-based, because it's absolutely clear that China is going to shift from a production economy to a knowledge economy.

30 years after China embarked on its fitful embrace of the free market, it has no single unifying doctrine—no ‘central melody’—and there is nothing predestined about what kind of country it is becoming.

It wasn't like the spare rooms of immigrants - packed to the rafters with all that they have ever possessed, no matter how defective or damaged, mountains of odds and ends - the stand testament to the fact that they have things now, where before they had nothing.

In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in Russia who believed in shock therapy were Bolsheviks a few people at the top that rammed it down everybody's throat. They viewed the democratic process as a real impediment to reform.

I think Detroit shows that we've come to the end of the industrial epoch and have to find a new mode of production.

The people in East Germany have lived through so many changes in the last 15 years like never before in the country, and they did this often with great enthusiasm. But in the West we also have a high degree of transformations.

You could see how money is different all of a sudden in Italy when they had the lire and now they have the euro. So they, in a revolutionary way, have gone from bad money to good money comparatively. But what about the rest of the world?

Cities have made the transition from industrial to service economies.

I see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work. And with the disappearance of its rentier aspect much else in it besides will suffer a sea-change. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain, and will need no revolution.

The government can help, but we need to make this transition now to a recovery led by private investment, private.

It's not unreasonable to imagine that, at least as we're in a transition to a world economy, it's still necessary now to pay attention to how our country is doing economically in comparison with other countries.

It is true that the U.S. could and should have been more generous as Russia made its painful transition to a market economy in the 1990s.

The human family is at a critical juncture. The world is moving through a great transition. This transition is economic, as the digital revolution advances and as new powers and groups emerge.

The question for so many is the quality of work, the future of work under globalism and de-industrialization. A typical example is a person who had a good factory job making 80,000 dollars, with health insurance, who was able to send his kids possibly to college and then he or she suddenly loses that job because the factory closed down. And now that same person is bagging groceries at Walmart and making $35,000.

Poland in the 1990s saw a surge of unrestrained, American-style capitalism. With millions of Poles living in the U.S.A., the defeat of communism led many to aim for a lifestyle derivative of Chicago or Detroit.

Technological change is beneficial only when other jobs replace the ones lost.

If we are to transition to a new economy and to lead it, we must start by transforming our schools.

Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.

Instead of engaging in cutthroat competition, we should strive to create value. In economic terms, this means a transition from a consumer economy - the mad rush for ownership and consumption - to a constructive economy where all human beings can participate in the act of creating lasting worth.