The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.

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I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.

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What I've always said is that I'm opposed to institutional racism, and I would've, had I've been alive at the time, I think, had the courage to march with Martin Luther King to overturn institutional racism, and I see no place in our society for institutional racism.

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Economic Development

Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first

We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs

Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower

We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era

Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization

Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever

They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market

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The institutional investor remains the bigger influence on individual trades simply because the institutional investor has more money to support the order and that will have more of an impact on the stock.

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Every time economic and technical development takes a step forward, forces emerge which attempt to create political forms for what, on the economic-technical plane, has already more or less become reality.

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I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.

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The realization of a sustainable economic development strategy for Maine's Native American communities has always been a priority and a critical element of my administration's overall economic development strategy.

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Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and administrative - decisions and hence incapable of being an end in itself.

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The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.

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You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.

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The Chinese government since 1979 has been very successful in economic development, and successful enough, simply by surviving, in the realm of political development.

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When theology erodes and organization crumbles, when the institutional framework of religion begins to break up, the search for a direct experience which people can feel to be religious facilitates the rise of cults.

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In spite of our poverty and our economic dependence, we do not have to give in, neither because we are sometimes abandoned nor because of the wish of some nations to impose their economic or political models.

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Paul Samuelson

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

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Let it be immediately added, however, that this economic independence and prosperity has always been absolutely associated in the American mind with free political institutions.

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The most meaningful engine of change, powerful enough to confront corporate power, may be not so much environmental quality, as the economic development and growth associated with the effort to improve it.

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Hitler's economic revolution in Germany had reduced financial considerations to a point where they played no role in economic or political decisions.

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We need to keep investing in economic and homeland security. We need to bank on the right kind of economic development. We need to embrace opportunities, but with the right kind of safeguards.

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If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability _ economic, political and social.

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Jose Saramago

It is economic power that determines political power, and governments become the political functionaries of economic power.

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