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Quotation of the Day…

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… is from page 266 of my colleague Larry White’s wonderful 2012 book, The Clash of Economic Ideas [2] (link added):

Two of the success stories in India’s economy since liberalization have been information technology and the Bollywood film industry.  Meghnad Desai has pointed out [3] that neither was favored by government planners.  The IT industry “is entirely a self-generated miracle” while Bollywood “is completely neglected by the government, and it is a global success.”