"reformers do not count on an immediate return to growth. Economic transformation takes time."
"have faith – capitalism really does work."
" a reformer should fear not populism but capture of politics by the new elites."
" do not over-plan the move to markets, but, more importantly, do not delay in the hope of having a tidier reform later."
" you cannot teach an old dog new tricks, even with incentives."
" do not panic about debt crises; they blow over fast."
"middle-income countries eventually slouch toward democracy, but not nearly in as direct or consistent a way as they move toward capitalism."
