In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.

In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

The washing machine changed the world more than the Internet.

Culture changes with economic development.

To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.