Market Liberalization Quotes

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

I think all the world would gain by setting commerce at perfect liberty.

In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.

There is big resistance from vested interests in China that don't want to open up to competition.

I have publicly talked about Mexico's need to open ourselves up to the participation of the private sector in the energy sector, however this doesn't mean privatizing state-run companies.

We will throw the highways of commerce open on equal terms to all who use them.

Executing the massive transformation they [the Chinese reform leaders] envision will take most of their political capital and will require firm political control, even as the reforms generate strong forces for social and political change.

In the Telecommunications Act of 1996, the government called for an Internet 'unfettered by Federal or State regulation.' The result of that fateful decision was the greatest free-market success story in history.

Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.

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.

Everyone in the Chinese economic world knows that the country is not going to move out of cheap-workhouse status, toward the realm of 'real' rich-country corporate power and prosperity, unless (among other changes) it begins removing these price distortions.

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.

China, as a nation, is a country under the one-party rule of the Communist Party, but it has introduced the market economy. As a country that is under the one-party rule of the Communist Party, normally what they should be seeking is equality of results.

Deng Xiaoping made a calculation. He bet on demographics. What he knew was that China had this enormous population of young, underemployed people, people who he could move from the farms to the coast and put them to work in factories, and that would be the lifeblood of China's economy.

We got government off the backs of the people of India, particularly off the backs of India's entrepreneurs. We introduced more competition, both internal competition and external competition. We simplified and rationalized the tax system. We made risk-taking much more attractive.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

When Xi Jinping came to power, there were a series of hints that market-based capitalism would be allowed to move forward under his leadership. At the first real threat, they've fallen over themselves to impose government control.

I have never worshipped at the altar of free trade, but I've always been an advocate of free trade.

Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.

We have to shift the social model from a lot of formal protections toward loosening bottlenecks in the economy.

One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.

Europe should stick to an open economy, to competition and we should refuse protectionism. It will not save one single job in the long run to protect non-competitive industries.

We see ourselves as first helping to open up markets to competition.

We have protected our domestic industry far too long and they were happily dishing out substandard goods. Now, they see red when there is competition