Economic Growth Quotes

Unfortunately, there is no rule saying a city must be a nice place to live in order to attract fast population and economic growth. Parks, good governance, and smoothly flowing traffic are optional, not required. Sometimes cities grow at an astonishing rate, despite being hell on Earth. ~ Laurence C. Smith

Reducing the tax burden is necessary to produce economic growth. ~ Bob Schaffer

Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneur- ship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world's issues will not go unaddressed. ~ Klaus Schwab

Progress is not striving for economic justice or fairness, but economic growth. ~ Rush Limbaugh

Incentives aren't the only thing that matter for economic growth. Opportunity is also crucial, and extreme inequality deprives many people of the opportunity to fulfill their potential, and government programs that reduce inequality can make the nation as a whole richer by reducing that waste. ~ Paul Krugman

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. ~ Ben Bernanke

capitalism itself is a system and that as the environment that hosts capitalism changes - in particular, as the better part of global economic growth begins to occur outside the mature economies of the West - the capitalist system will evolve. ~ Christopher Meyer

I want to make it clear,if there is ever a conflict (between environmental quality and economic growth), I will go for beauty, clean air, water, and landscape. ~ Jimmy Carter

The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet. ~ Fidel Castro

The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth. ~ Neal Boortz

The stimulus is our bridge over troubled waters. And if it's invested well, it'll generate a lot of economic growth, and we'll get quite a bit of the revenues back. ~ William J. Clinton

The economic illusion is the belief that social justice is bad for economic growth. ~ Robert Kuttner

I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation. ~ Dambisa Moyo

I can't understand why the Democratic parties seem so hostile to economic growth and business. ~ Jack Kemp

'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa. ~ Dambisa Moyo

Economic growth is the most important initiative every governor faces. ~ Dave Heineman

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work. ~ Janet Yellen

Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this. ~ Richard Karn

It is clear that a temporary increase in the cap is needed to ensure high-tech companies can hire the specialized personnel they need to continue to help fuel California's economic growth. ~ Pete Wilson

Our economy continues to struggle with slow economic growth, high unemployment and stagnant wages. "Obama care's" raising costs. That's making it harder for small businesses to hire. In short, it's a train wreck. ~ John Boehner

Socialism is nothing more nor less than the social, political and ideological system which breaks the fetters upon economic growth created under capitalism and opens the way to a new period of economic and social expansion on a much larger scale. ~ Earl Browder

It seems madness to think that a society would rate marginal economic growth above a livable earth, but there you are. I had always assumed the reason to build a bigger economy was to make the world a better place. In fact, it appears, the reason to build a bigger economy is, well, to build a bigger economy. ~ Bill Bryson

There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours. ~ David Henry Hwang

For a quarter-century British governments had tried and failed to combine economic growth, increased social service provision and a high level of employment. The second depended ultimately on the first, but when difficulty arose, the first had always been sacrificed to the other two. The United Kingdom was, after all, a democracy whose votes, greedy and gullible, had to be placated. ~ J.M. Roberts

This Budget reflects a choice - not an easy choice, but the right choice. And when you think about it, the only choice. The choice to take the responsible, prudent path to fiscal stability, economic growth and opportunity. ~ George Pataki

What I know is that if you put the right policies in place that will lead to economic growth, society will be better. ~ Anthony Scaramucci

It's not enough to have economic growth. You have to distribute wealth throughout all of society. ~ Tabare Vazquez

Since the foundation of the State of Israel, the United States has stood by her and helped her to pursue security, peace, and economic growth. Our friendship is based on historic moral and strategic ties, as well as our shared dedication to democracy. ~ Ronald Reagan

Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral. ~ Lou Jiwei

Although it's the second largest country in the world, our useful area has been reduced. Our immigration policy is disgusting: We plunder southern countries by depriving them of future leaders, and we want to increase our population to support economic growth. ~ David Suzuki

I'm fundamentally not interested in the Fortune 500 companies - in US, Mexico, anywhere. The real backbones of economic growth are small and medium businesses. ~ Tom Peters

... economic growth is driven by supply factors such as improved technologies and access to more or better resources. ~ Campbell R. McConnell

Economic growth which strips out the planet's ecosystems is not sustainable ~ Helen Clark

Economic growth springs not chiefly from incentives - carrots and sticks, rewards and punishments for workers and entrepreneurs. The incentive theory of capitalism allows its critics to depict it as an inhumane scheme of clever manipulation of human needs and hungers scarcely superior to the more benign forms of slavery. Wealth actually springs from the expansion of information and learning, profits and creativity that enhance the human qualities of its beneficiaries as it enriches them. Workers' learning increasingly compensates for their labor, which imparts knowledge as it extracts work. Joining knowledge and power, capitalism focuses on the entropy of human minds and the benefits of freedom. Thus it is the most humane of all economic systems. ~ George Gilder

Wherever the shadow of economic growth touches us, we are left useless unless employed on a job or engaged in consumption...We lose sight of our resources, lose control over the environmental conditions which make these resources applicable, lose taste for self-reliant coping with challenges from without and anxiety from within. ~ Ivan Illich

TED Women will focus on the ideas and innovations championed by women and girls. These cover everything from community development to economic growth to biodynamic farming to robotics to medical treatments to the use of technology for personal safety and peace making. ~ Pat Mitchell

In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government. ~ Paul Ryan

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth. ~ Alex Berenson

Climate change denialists are therefore engaged in intergenerational economic warfare on their own societies. They won't witness the worst aspects of climate change - luckily for them they'll die before they occur. But their children and grandchildren will be affected by them. The refusal of older people, and particularly old white males, to accept the need for climate action shifts costs that they themselves are causing onto their descendants, all of whom will pay higher prices, higher taxes and higher insurance premiums and enjoy poorer health, lower economic growth and fewer jobs because of climate change. Denialists are a form of economic parasite preying on their own offspring, running up a bill they'll die before having to pay. And every year of delay increases the costs that future generations will have to bear. ~ Bernard Keane

I'm not saying [economic] growth is wrong, but throughout the years of growth, many things didn't get better ... If you look at America, the proportion of Americans with no one to talk to about important things went up from a tenth to a quarter. ~ Geoff Mulgan

I want to win.We're not going on win by doing what Barack Obama and Hillary Clinton do each and every day. Dividing the country. Saying, creating a grievance kind of environment. We're going to win when we unite people with a hopeful, optimistic message. I have that message because I was a governor of a state that saw people lifted up, because we had high sustained economic growth. ~ Jeb Bush

The problem is not capitalism, the real problem is human greed. ~ Abhijit Naskar

The way to healthy living is to shift from quantitative economic growth to quality of life, food, water and air - to shift from craving to contentment and from greed to gratitude ~ Satish Kumar

We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery. ~ George Gilder

The gains made by better management and technology are still being outpaced by the environmental impacts of population and economic growth. We are on an unsustainable course. ~ Klaus Topfer

Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home. ~ Gary Goodyear

We agreed that our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial stability. ~ Barack Obama

I'm worried about economic growth in the United States. And the creation of jobs, output, and employment. And if you tax people who work, you're going to get less people working. And what the carbon tax would do is remove the tax from people who work and put it on a product in the ground. ~ Arthur Laffer

Nations will weaken but will still exist in 2100. They will still be needed to pass laws and fix local problems. However, their power and influence will be vastly decreased as the engines of economic growth become regional, then global. ~ Anonymous

Global economic growth will soon clash with physical barriers. It is physically impossible to fulfil the ideal of progressivism: the spread of techno-scientific consumer culture to ten billion people. When this dream has faded, another will emerge. ~ Guillaume Faye

I really think that elected officials should be focused on how you create sustained economic growth, how do you create jobs and all of these issues that made people - segments of our society believe are really important are diversions politically. ~ Jeb Bush

Ray then revealed the most simple and important distinction of all. There are only four things that move the price of assets: 1. inflation, 2. deflation, 3. rising economic growth, and 4. declining economic growth. ~ Anthony Robbins

A major goal of our strategy in Asia was to promote political reform as well as economic growth. We wanted to make the 21st century a time in which people across Asia become not only more prosperous but also more free. And more freedom would, I was confident, spur greater prosperity. ~ Hillary Rodham Clinton

Why do you have to develop? If economic growth rises from 5% to 10%, is happiness going to double? What's wrong with a growth rate of 0%? Isn't this a rather stable kind of economics? Could there be anything better than living simply and taking it easy? ~ Masanobu Fukuoka

While the changes that are necessary are actually simple, they're painful, and require courage and sacrifice. Living standards will decline in real terms. Citizens will have to save more and consume less. Working lives with lengthen. For many, retirement will be revert to being a luxury. Taxes and charges for government services will rise to match the cost of providing them. There has to be greater emphasis on the real economy - the creation and sale of goods and services. Financial institutions need to return to their actual role of supporting economic activity. ~ Satyajit Das

Contrary to popular belief, we do not face a choice between economy and ecology, It is often said that protecting the environment would constrain or even undermine economic growth. In fact, the opposite is true: unless we protect resources and the earth's natural capital, we shall not be able to sustain economic growth. ~ Kofi Annan

Investment in the eradication of hunger today is a good business decision. If we fail to make this investment, it is doubtful that we can sustain healthy economic growth. Without this investment, our nation may disintegrate into a country sharply divided between those who have enough to eat and those who do not. ~ Alan Hassenfeld

We therefore have a good chance of overcoming the problem of resource scarcity. The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In ~ Yuval Noah Harari

What Democrats haven't focused on are the kind of policies that would promote economic growth - such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business. ~ Bob Beauprez

The impact of climate change is relatively small. The average impact on welfare is equivalent to losing a few per cent of income. That is, the impact of a century worth of climate change is comparable to the impact of one or two years of economic growth. ~ Richard Tol

One of the risks related to an environment marked by high rates of unemployment, low rates of economic growth, and poor education is that it may serve as a breeding ground for radical sentiment. ~ Frans Cronje

If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably. ~ Tony Blair

Well, I think the president has clearly submitted us a tight budget, but it's what's called for if we're going to get spending under control and keep the economy moving in the right direction, with economic growth and job creation activity. ~ Thad Cochran

If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history. ~ Adam Davidson

Every society clings to a myth by which it lives. Ours is the myth of economic growth. ~ Tim Jackson

Every civilisation has had its irrational but reassuring myth. Previous civilisations have used their culture to sing about it and tell stories about it. Ours has used its mathematics to prove it. ~ David Fleming

Economic growth doesn't mean anything if it leaves people out. ~ Jack Kemp

Technological innovation is indeed important to economic growth and the enhancement of human possibilities. ~ Leon Kass

Human activity is destroying the natural systems that we depend upon for our survival. Our most basic instinct as humans is to survive; yet we continue to destroy our life-support machine. Connected humans understand this terrible contradiction; disconnected humans are not able to.

Not all humans are responsible: just those who are part of Industrial Civilization. Industrial Civilization depends on economic growth and the unsustainable use of natural resources, so it has developed a complex set of tools for keeping people disconnected from the real world and living a life that keeps civilization running. Humans have been manipulated in order to be part of a destructive system.

The only way to prevent global ecological collapse and thus ensure the survival of humanity is to rid the world of Industrial Civilization. ~ Keith Farnish

What makes America unique is not that it built MIT, or that its grads are generating economic growth and innovation, but that every state in the country has universities trying to do the same. "America has 4,000 colleges and universities," said Allan E. Goodman, president of the Institute of International Education. "The rest of the world combined has 7,768 institutions of higher education. ~ Thomas L. Friedman

What does economic growth actually mean? It means more consumption – and consumption of a specific kind: more consumption of goods and services that are exchanged for money. That means that if people stop caring for their own children and instead pay for childcare, the economy grows. The same if people stop cooking for themselves and purchase restaurant takeaways instead.

Economists say this is a good thing. After all, you wouldn't pay for childcare or takeaway food if it weren't of benefit to you, right? So, the more things people are paying for, the more benefits are being had. Besides, it is more efficient for one daycare centre to handle 30 children than for each family to do it themselves. That's why we are all so much richer, happier and less busy than we were a generation ago. Right? ~ Charles Eisenstein

States with high and rising tax burdens are more likely to suffer economic decline; those with low and falling tax burdens are more likely to enjoy strong economic growth. ~ Lawrence Kudlow

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth. ~ Lou Jiwei

Barack Obama is not Harry Truman, who dropped the A-bomb on Japan to stop World War II. Barack Obama is not John F. Kennedy, who lowered marginal tax rates to get economic growth and job creation. Barack Obama and the far left, they are a completely different ball of wax. ~ Monica Crowley

Environmental agencies in China are hamstrung by local officials who put economic growth ahead of environmental protection; even the courts are beholden to local officials, and they are not open to environmental litigation. ~ Ma Jun

When learning is purposeful, creativity blossoms. When creativity blossoms, thinking emanates. When thinking emanates, knowledge is fully lit. When knowledge is lit, economy flourishes. ~ A. P. J. Abdul Kalam

We cannot afford the EPA's continued expansion of red tape that is slowing economic growth and threatening to entangle millions of small businesses. ~ Fred Upton

Eventually economic growth reaches the point at which the accumulation of wealth in the families of achievers becomes so significant that the hatred and envy of success become stronger than the desire for continued economic growth, and a period dominated by resentment begins. ~ Robert Sheaffer

I know the government needs to ensure economic growth ... we just hope it takes care of the environment, too. ~ Ma Jun

Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs. ~ Grover Norquist

Globalization and free trade do spur economic growth, and they lead to lower prices on many goods. ~ Robert Reich

The hope that fuels the pursuit of endless economic growth – that billions of consumers in India & China will one day enjoy the lifestyles of Europeans and Americans – is as absurd & dangerous a fantasy as anything dreamt up by Al-Qaeda. It condemns the global environment to early destruction & looks set to create reservoirs of nihilistic rage & disappointment among hundreds of millions of have-nots – the bitter outcome of the universal triumph of Western Modernity, which turns the revenge of the East into something darkly ambiguous, and all its victories truly Pyrrhic. ~ Pankaj Mishra

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. ~ Carne Ross

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. ~ Eric Hobsbawm

We cannot build a vital economy by delivering pizzas to one another. ~ Jim Wright

The EPA's greenhouse gas regulations, along with a host of other onerous regulations, are unnecessarily driving out conventional fuels as part of America's energy mix. The consequences are higher energy prices for families and a contraction of our nation's economic growth. ~ Gina McCarthy

Economic growth as we have known it is over and done with. ~ Richard Heinberg

The great challenge to management today is to make productive the tremendous new resource, the knowledge worker. This, rather than the productivity of the manual worker, is the key to economic growth and economic performance in today's society. ~ Peter Drucker

Budget consolidation and economic growth are two sides of the same coin. ~ Angela Merkel

Governments don't produce economic growth people do. ~ Ronald Reagan

The most staggering linguistic turnabout for me is the one that equates green economy with 'sustained economic growth.' ~ Tim Jackson

Obama's presidency hasn't been dedicated to achieving economic growth in the short term, or about creating jobs. ~ John Podhoretz

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it. ~ James Grant

Sources of economic growth are all completely destroyed – the airport (runways demolished, totally closed); the border for trade with Egypt (now with a sniper tower in the middle of the crossing); access to the ocean (completely cut off in the last two years ). ~ Rachel Corrie

some nations have tried to bring about more economic equality in economically harmful ways, not through opening up free markets but through brute use of government power. Making equality a more important goal than overall economic growth is a mistake for a government, because merely distributing the same amount of wealth in different ways does not change the total amount of wealth a nation produces each year, which is the only way that any nation has grown from poverty to prosperity. ~ Barry Asmus

Real progress cannot be measured by money alone. We must ensure that economic growth contributes to our quality of life, rather than degrading it ~ Tony Blair

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. ~ Toshihiko Fukui

Our churches are full of people during work hours, morning, noon, evening, praying instead of being in the factories, libraries, laboratories, facilitating economic growth ~ Sunday Adelaja

All of Obama's policies are working against economic growth, not for it, and Republicans ought to be talking about it and they're not. We need to take a stand. ~ Richard Mourdock

It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic growth. ~ Mitt Romney