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Quality has far-reaching ramifications, says economist Dr. Vladimir Kvint, and plays an integral role in fostering entrepreneurship. Dr. Kvint argued this point in this week's Deming Files column Deming and the Development of the Global Emerging Market.
In this Process Perspectives podcast, Dr. Kvint, who is also President of the International Academy of Emerging Markets and a member of the US-based Bretton Woods Committee, explains why he believes emerging economies would do well to heed the lessons of Deming, discusses the downfall of the Soviet Union, and elaborates on why he believes economic freedom leads to higher quality goods.