“And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus in its politics, and thus its ability to take actions to secure a better future despite short-term pain.”
“And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus in its politics, and thus its ability to take actions to secure a better future despite short-term pain.”
Raghuram G. Rajan
“The picture of bankers slavering after bonuses soon after they had been rescued by government bailouts was not only outrageous but also pitiable - pitiable because they were clamoring for their primary measure of self-worth and status to be restored”
Raghuram G. Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy“The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier”
Raghuram G. Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy“And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus in its politics, and thus its ability to take actions to secure a better future despite short-term pain.”
Raghuram G. Rajan, Fault Lines: How Hidden Fractures Still Threaten the World EconomyAll in One Creative & Marketing Platform to tell stories at scale
