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Quote by Fiona Wood

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Cloudwish

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Fiona Wood
Fiona Wood

Fiona Wood is a renowned plastic surgeon, born on February 2, 1958. She has made significant contributions to the field of plastic surgery, particularly in facial reconstruction and burn treatment. more

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“When a country just emerges from poverty, it possesses cheap labor; it's the best period for everyone, including the poor. This sweet spot occurs only once in a civilization. China was in that position two decades ago, and now it's India and Bangladesh. Enjoy this advantageous position as long as it lasts. The labor costs will soon rise, and we will face the same fate as the West. On paper, these countries may have higher GDP and better HDI, but in reality, people cannot afford basic necessities such as food, housing, healthcare, and education.”

PoorPovertyCivilizationIndiaChinaCountriesCheap Labor
Author:Hemen K
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“One recurrent question relates to the conditions required to make governments implement an employment guarantee programme? How high would the unemployment rate have to be? How high would poverty have to be? And the answer in Argentina: until the protests were unbearable! When this happened, policymakers worked with real urgency to solve the problem.”

PovertyEconomicsEmploymentMacroeconomics
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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