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Commanding Heights : Manmohan Singh | on PBS |
 | | MANMOHAN SINGH: Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, [then central planning is important]. |
 | | MANMOHAN SINGH: Yes, I think India and South Korea are roughly the same per capita income in 1960, and in 40 years time Korea has become a member of the OECD [Organization for Economic Cooperation and Development], and we are where we are. |
 | | MANMOHAN SINGH: We removed a large number of controls and regulations, which in the past had stifled the spirit of innovation, the spirit of entrepreneurship, and restricted the scope for competition, both internal competition and external competition. |
| www.pbs.org /wgbh/commandingheights/shared/minitextlo/int_manmohansingh.html (4471 words) |
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