2017年4月16日星期日

Good Quotes —— One Man's View of the World (3)

You can have an alliance and it will hold good only when your interests coincide.———Thailand: An Underclass Stirs
There is only one rational course of action when you find yourself stuck in a dead end. Turn around and walk right out of it.———Myanmar: The Generals Change Course
Young people these days prefer to type, and when they do write, they simply do not write as beautifully.———Singapore: A Nation at a Crossroads
It is true that no country in the world pays ministers as we do. But it is also true that no other island has developed like Singapore: sparkling, clean, safe, with no corruption and low crime rates… None of this came about by coincidence. It took the construction of an ecosystem that requires highly paid ministers.———Singapore: A Nation at a Crossroads
Once women are educated and have equal job opportunities, they no longer see their primary role as bearing children or taking care of the household. They want to be able to pursue their careers fully just as men have always been able to…They have very different expectations about whether or whom they should marry because they are financially independent. There is no turning back the clock, unless we want to stop educating women, which makes no sense.———Singapore: A Nation at a Crossroads
In a globalised world, the nature of competition is such that the wages of those at the bottom get depressed and those at the top, who are mobile and much sought after, enjoy ever larger pay packets.———Singapore: A Nation at a Crossroads
[Americans] are allowed to run a deficit for a long time with very few consequences. If other countries were to do that, they run the risk of capital outflow and exchange rate collapse. The cost is low to the Americans because some of what it would have cost a regular country has been transferred to the rest of the world.———Global Economy: What Next?

If you open your capital account, it means you allow free flow of money. That makes the country vulnerable to, say, a sudden rush in or a sudden exodus that could destablise the economy.———Global Economy: What Next?