e-Con e-News

Quotes of the Week (August 22-29, 2020)

Summary

‘ At the end of it all, most business-school graduates won’t become high-level managers anyway, just precarious cubicle drones in anonymous office blocks.’

• “A state, after all, is only as strong as its steel.”

• “Until 2019, between 1-1.2 billion US$ were spent per a year on importing vehicles to Sri Lanka… the vehicle imports industry only causes an outflow of foreign exchange such as money spent on the vehicles, parts, fuel, service fees and royalties.” – President GR

• “This week, the government also took a policy decision to ratchet up research and development on building new technologies to enhance productivity of the agricultural sector. A robust industrial policy supporting manufacturing with sufficient resources and investment allocation by both the government and the private sector is of paramount importance to generate well-paying jobs, stable employment and faster productivity growth, as free markets do not allocate resources across all sectors of an economy as seen from the current lopsided growth in the country.” – Richard Falk

• “Many business school professors, particularly in North America, have argued that their institutions have gone horribly astray. B-schools have been corrupted, they say, by deans following the money, teachers giving the punters what they want, researchers pumping out paint-by-numbers papers for journals that no one reads and students expecting a qualification in return for their cash (or, more likely, their parents’ cash). At the end of it all, most business-school graduates won’t become high-level managers anyway, just precarious cubicle drones in anonymous office blocks.”

“In the past the West pumped money into Lebanon, now they’re attempting to suck the Lebanese banking system dry, like a dealer turned addict, hooked on their own supply.”

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