'..the EU should be ready to allocate more resources to monitoring and scrutinizing the implementation of DCFTA commitments by the Ukrainian side.'<blockquote>'..[EU] desire to be an influential regional player .. a free-trade agreement with the EU would improve Ukrainian people’s quality of life, while simultaneously providing better access to the EU internal market for local businesses and promoting a better business climate in the country.
Today is a unique moment for both the EU and Ukraine. Kyiv may finally close the gap with the EU if talks end and the real work starts. EU negotiators should seriously consider making certain concessions to Ukraine. However, these concessions should be clearly linked with a number of things that matter to the EU, such as the introduction of the rule of law and judicial reform, and of course, the full implementation of the DCFTA. On the other hand, the EU should be ready to allocate more resources to monitoring and scrutinizing the implementation of DCFTA commitments by the Ukrainian side.
The EU cannot, and probably should not, offer Ukraine the prospect of membership in the short-term. However, it should do more in pushing Ukraine to reform. The DCFTA, which is a legally binding document, may be one of key instruments in doing this.
While the principle of ‘more-for-more’ is being discussed in the EU in relation to its neighbors, the Union should think of what kind of incentives to build to be able to push for more in the longer term. By pushing for a conclusion to the DCFTA negotiations, the EU will be making a concession in the immediate, but in the long-run will be able to demand far more in terms of reform and compliance. Ultimately, the EU will be promoting the creation of a prosperous, secure and more predictable partner in Kyiv.'
- Olga Shumylo-Tapiola,
EU and Ukraine: Trade is not the main issue, 10 April 2011</blockquote>
'India and China both need a renewed commitment to structural reform..'<blockquote>'India and China both need a renewed commitment to structural reform to sustain their economic growth. Cheap labour and monetary management will not do the trick on their own. The credibility that both governments gained after their countries avoided the worst of the global financial crisis of 2008 is beginning to wear thin. For, as inflationary fears in the BRIC giants grow, second thoughts about the shift in the world economy’s center of gravity are beginning to gain currency.'
- Jaswant Singh,
Asia’s BRICs hit the wall, 28 July 2011</blockquote>
'..The government must protect the choice and property..'<blockquote>“We are not building government capitalism. My choice is different. The Russian economy ought to be dominated by private businesses and private investors. The government must protect the choice and property of those who willingly risk their money and reputation.”
- Medvedev (
Medvedev tells investors Russia will reform, June 17, 2011)
'..creating a new system that no longer relies on one person in the Kremlin calling the shots..'</blockquote>
'Prof. B.R. Shenoy ..remains a prophet without honour in his own country.' - Friedman<blockquote>'In July 2011, India will celebrate the completion of 20 years of the economic reforms initiated in the 1990s. In the early decades of independent India's command-and-control economy, Shenoy vehemently questioned the ideology of India's centralized planning and argued for fundamental changes in economic policy on the premise of deregulation and a market-determined price system. According to Niranjan,
<blockquote>B.R. Shenoy, independent India's first major economic dissenter … died … in February 1978. The thrust of economic policy since then has moved from the worship of central planning to the appreciation of the market. Most economists now agree that our long tryst with Nehruvian socialism was an economic disaster.</blockquote>
Shenoy advocated sound economic policies based on a free-market system decades before the economic crisis of 1991. Alas, his voice was ignored. His contemporaries had blind faith in centralized planning of private enterprises. These policies were responsible for creating crises in India's foreign exchanges in the 1990s.
..
As Professor Peter Bauer said, "May the succession of Shenoy and of his life never fail East or West."
- Chandrasekaran Balakrishnan,
India's Great Free-Market Economist, July 05, 2011</blockquote>
Context<blockquote>
'..a truly stable financial and monetary system..''..Its time to bing the troops home..''..a moral reformation.'</blockquote>
</blockquote>