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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Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.
The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.
Where is human nature so weak as in the bookstore?
Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.
Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.
I would never read a book if it were possible for me to talk half an hour with the man who wrote it.
Definiteness of purpose is the starting point of all achievement.
It's how you deal with failure that determines how you achieve success.
