Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference

Home > Financial Quotes > Doing Business in Asia-Pacific

Financial Quotes

Doing Business in Asia-Pacific Quotes

  • "India is the place where all generalisations are true, but so are the exceptions … India is the land of synthesis."
    Salil Tripathi, Indian journalist and campaigner
    Source: “India: A Portrait, by Patrick French” [book review], Independent (London) (January 14, 2011)
  • "China’s economy is almost Dickensian in the freedom it offers robber barons, corrupt government officials, and all the schemers in between. The well-connected capitalist can destroy everything in his path, confident that the complaints of the downtrodden won’t go anywhere—until they erupt in violence. And even then, our man can rest assured that when social push comes to government shove, some local official scapegoat will stand in front of the firing squad and not he."
    Thomas Barnett (1962–), US geostrategist and author
    Source: Esquire (December 21, 2010)
  • "Like most catch-up artists before it, including rising America of the nineteenth century, China has cheated its way to the pinnacle of the global economy, racking up hidden debts of unprecedented proportions. But heading a single-party state, Beijing remains insidiously adept at disguising that mortgaged future … In the end, China’s pervasive short-term thinking exacts a terrible moral price as everybody cheats everybody else with nary a pang of conscience, as lies upon lies are statistically amassed to achieve China’s annual growth rate of 8% or better."
    Thomas Barnett (1962–), US geostrategist and author
    Source: Esquire (December 21, 2010)
  • "The largest burst of continuous economic growth in history has occurred without the benefit of free markets. Wealth has been created as never before, not as a result of evolutionary change, but as a product of revolution and dictatorship."
    John Gray (1948–), British academic and writer
    On the Chinese economic boom of the 2000s
    Source: New Statesman (August 2, 2010)
  • "In 2040, the Chinese economy will reach US$123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit US$85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan. In other words, the average Chinese megacity dweller will be living twice as well as the average Frenchman … Although it will not have overtaken the United States in per capita wealth, according to my forecasts, China’s share of global GDP—40%—will dwarf that of the United States (14%) … This is what economic hegemony will look like."
    Robert Fogel (1926–), US economist and scientist
    Source: Foreign Policy (January/February 2010)
  • "We had better get used to Chinese and Indian ideas coming to influence ours: on the environment, on financial services, on corporate governance and so on. We had better get used to great scientific research coming not from Europe or North America but from Asia. We had better get used to ideas about society … coming from other parts of the world. It will be thrilling but also frightening—and maybe for those of us in the comfortable West, just a little humbling."
    Hamish McRae, British journalist
    Source: Independent (London) (December 24, 2009)
  • "America needs China to buy her Treasury bills; and China needs America to buy her exports. They are like two drunken giants leaning on each other. Yet a sober reckoning of some sorts seems inevitable; and it is difficult to see how both can be winners."
    Sean O'Grady, British economics journalist
    Source: Independent (London) (October 6, 2009)
  • "China is becoming the world’s second largest economy … And within a generation it is on track to become the largest … the renminbi will [then] become the world’s most important currency."
    Hamish McRae, British journalist
    Source: Independent (London) (June 12, 2009)
  • "We in the West have a choice. Either we concede the argument that China, in the 5,000 years of recorded human history, has been a much more successful and durable culture than America or Western Europe and is now reclaiming its natural position of global leadership. Or we stop denying the rivalry between the Chinese and Western models and start thinking seriously about how Western capitalism can be reformed to have a better chance of winning."
    Anatole Kaletsky (1952–), British journalist and economist
    Source: The Times (London) (February 4, 2009)
  • "There is still a widespread view in the West that China will eventually conform, by a process of natural and inevitable development, to the Western pradigm. This is wishful thinking."
    Martin Jacques (1945–), British journalist and academic
    Source: When China Rules the World (2009)
  • "Asians save today's money for tomorrow while Americans spend tomorrow's money today."
    Cheng Siwei (1935–), Chinese vice chairman of the National People's Congress of China
    Source: Speech to the World Economic Forum (January 2008)
  • "Indians in general have tended to under-market themselves. That comes because it's part of our culture … you don't go and say I have created the world's greatest software."
    Subeer Bhatia (1967–), Indian IT entrepreneur and founder of Hotmail
    Source: BusinessWeek (September 2000)
  • "The velocity of decision making in government was extraordinarily slow. It took 18 to 24 months and 15 to 20 trips to Delhi to get a license to import computers."
    Narayana Murthy (1946–), Indian cofounder of Infosys
    Source: Forbes (June 2000)
  • "It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
    Lawrence H. Summers (1954–), US economist and former president of Harvard University
    Source: Remark (1998)
  • "In Sydney, you're in Asia, but not of Asia. Basing your Asian operations in Sydney is like basing your American operations in Rio."
    Donald Saunders, Australian business executive
    Source: Asia Inc. (December 1996)
  • "Given the economic growth and blossoming of billionaires in the region, Asia is likely to produce the world's first trillionaire."
    Anonymous
    Source: Quoted in Asia, Inc. (September 1996)
  • "Five Rules for Doing Business in China: 1. Think small—focus on one region at a time. 2. Skip the manager, talk to the clerk. 3. Study the side streets. 4. Get the goods to market. 5. Above all be flexible."
    Anonymous
    Source: Quoted in the New York Times Magazine (February 18, 1996)
  • "In Japan, the best and brightest young people aspire to become bureaucrats, not businessmen, and there is intense competition for bureaucratic jobs."
    Francis Fukuyama (1952–), US economist and writer
    Source: Trust: The Social Virtues and the Creation of Prosperity (1995)
  • "The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."
    Lawrence H. Summers (1954–), US economist and former president of Harvard University
    Source: Remark (1993)
  • "Never visit a Japanese company without tons of business cards. Basically, no meishi (name cards) means no existence for you on this Earth."
    Mark Gauthier, US travel writer
    Source: Making It in Japan: Work, Life, Leisure and Beyond (1993)
  • "Indian management has to pursue processes which conform to the underlying grain of the Indian temper."
    S. K. Chakraborty (1957–), Indian academic
    Source: Management by Values: Towards Cultural Congruence (1991)
  • "Some people think that Japan's success is due to cartels and collaboration. It is not. In the industries in which Japan is internationally successful, it has many fiercely competitive local rivals."
    Michael Porter (1947–), US strategist
    Source: Economist (London) (June 9, 1990)
  • "Acts of marketing insanity such as the US firm that invested heavily in a campaign to sell cake mix to the Japanese—in profound and dismal ignorance of the fact that hardly any homes in Japan have ovens."
    Robert Heller (1932–), British management writer
    Source: The Supermarketers (1987)
  • "There is nothing Japan really wants to buy from foreign countries except, possibly, neckties with unusual designs."
    Yoshihiro Inayama (19041987), Japanese business executive
    Source: Quoted in “Sayings of the Week,” Sydney Morning Herald (August 3, 1985)
  • "This road of industrialization was not planned in advance by theoreticians. Rather, it has been created by the peasants on the basis of their experience in real life."
    Fei Xiaotong (19102005), Chinese social anthropologist
    Comparing China's industrialization favorably to that of the West, where modern industry had grown at the expense of the countryside.
    Source: Beijing Review (1985), no. 21

Back to top

Share this page

  • Facebook
  • Twitter
  • LinkedIn
  • Bookmark and Share