Economic Development Quotes

• The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.

  Peter Drucker

  People, Raw Materials, Development

  Peter F. Drucker (2011). “Landmarks of Tomorrow: A Report on the New”, p.180, Transaction Publishers

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• The foundation of economic development is the acquisition of more productive knowledge.

  Ha-Joon Chang

  Foundation, Acquisition, Development

  Ha-Joon Chang (2007). “Bad Samaritans: rich nations, poor policies, and the threat to the developing world”, Century

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• You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

  R. Buckminster Fuller

  Inspirational, Change, Wisdom

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• Economic development cannot take a nation forward on its own. We need a society and economy which complement each other. We need to take care of the poor, deprived and left behind sections of society.

  Narendra Modi

  Empowerment, Development, Care

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• Education is both a tool of social justice as well as a fundamental driver of economic development.

  Kevin Rudd

  Education, Justice, Tools

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• A successful economic development strategy must focus on improving the skills of the area's workforce.

  Rod Blagojevich

  Successful, Skills, Focus

  "Gov. Blagojevich Announces Major Opportunity Returns Investment to Bring Leading Manufacturer and 480 Jobs to Macomb". Illinois Government Network, February 22, 2005.

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• Education makes us the human beings we are. It has major impacts on economic development, on social equity, gender equity. In all kinds of ways, our lives are transformed by education and security. Even if it had not one iota of effect [on] security, it would still remain in my judgment the biggest priority in the world.

  Amartya Sen

  Impact, Priorities, Development

  Source: www.pbs.org

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• One of the things that people don't realize is that that natural beauty, those recreational forests, they have an economic development impact for the state as well.

  Ed Rendell

  Beauty, Impact, People

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• A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.

  Rod Blagojevich

  Successful, Skills, Focus

  "Gov. Blagojevich Announces Major Opportunity Returns Investment to Bring Leading Manufacturer and 480 Jobs to Macomb". Illinois Government Network, February 22, 2005.

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• If we learn anything from the history of economic development, it is that culture makes all the difference.

  David Landes

  Differences, Culture, Development

  "Why The West Is Best" by Jamie Glazov, www.frontpagemag.com. December 15, 2011.

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• Without economic development, any potential for political openness and freedom will be questionable.

  Jose Maria Aznar

  Political, Development, Economic

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• ...climate change is accelerating. It threatens our well being, our security, and our economic development. It will lead to uncontrollable risks and dramatic damage if we do not take resolute countermeasures.

  Angela Merkel

  Risk, Energy, Climate

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• poverty has no causes. Only prosperity has causes. Analogically, heat is a result of active processes; it has causes. But cold is not the result of any processes; it is only the absence of heat. Just so, the great cold of poverty and economic stagnation is merely the absence of economic development.

  Jane Jacobs

  Development, Poverty, Causes

  Jane Jacobs (1969). “The Economy of Cities”

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• Every single human being is creative and maximizing that creativity is critical to happiness and economic growth. Economic growth is driven by creativity, so if we want to increase it, we have to tap into the creativity of everyone. That's what makes me optimistic. For the first time in human history, the basic logic of our economy dictates that further economic development requires the further development and use of human creative capabilities. The great challenge of our time is to find ways to tap into every human's creativity.

  Richard Florida

  Creativity, Optimistic, Creative

  Source: bobmorris.biz

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• State control is important for the people who have always been excluded from the claims of social and economic development.

  Evo Morales

  People, Important, Development

  Source: bigthink.com

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• ...countries don't create economies. It is entrepreneurs and companies that create and revitalize economies. The role of the governments should be to create a nourishing environment for entrepreneurs and companies to flourish, not to get in the way of economic development.

  John Naisbitt

  Country, Government, Entrepreneur

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• Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism.

  Aung San Suu Kyi

  People, Healthy, Competition

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• My definition of economic development is economic growth.

  Mark Noble

  Growth, Development, Definitions

  Source: www.columbusunderground.com

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• Peace, development, and justice are all connected to each other. We cannot talk about economic development without talking about peace. How can we expect economic development in a battlefield?

  Aung San Suu Kyi

  Talking, Justice, Development

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• The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization.

  Joseph A. Schumpeter

  Organization, Innovation, Analysis

  Joseph A. Schumpeter (2011). “The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle”, p.19, Transaction Publishers

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• We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.

  Paul Hawken

  Powerful, Thinking, Practice

  "Capital Gains" by Paul Hawken, www.motherjones.com. March/April 1997.

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• We who live in free market societies believe that growth and prosperity, and ultimately human fulfillment are created from the bottom up, not the government down.

  Ronald Reagan

  Believe, Government, People

  "A MAN TRUE TO HIS WORD".

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• I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.

  Vladimir Putin

  Honesty, Responsibility, Power

  Prime Minister Vladimir Putin’s Speech at the Opening Ceremony of the World Economic Forum, archive.premier.gov.ru. January 28, 2009.

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• Good, healthy democratic societies are built on three pillars: there's peace and stability, economic development, and respect for rule of law and human rights. But often, we take stability - peace in terms of security and economic activity - to mean a country is doing well. We forget the third and important pillar of rule of law and respect for human rights, because no country can long remain prosperous without that third pillar.

  Kofi Annan

  Country, Mean, Rights

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• Culture changes with economic development.

  Ha-Joon Chang

  Culture, Development, Economic

  "Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism". Book by Ha-Joon Chang, 2008.

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