"I'm frugal. It's often cheaper to take the subway. And I'm an environmentalist, which my mother instilled in me, so I really believe in public transportation. And finally, I love the proximity to people in the subway."

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It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries.

— Ha-Joon Chang