“Let nobody be fooled, the next two quarters are not going to be easy either in terms of growth or employment.” TwoNextEasyGrowthTermEmploymentQuartersFooled Author:Luis de Guindos
“Capital, and the question of who owns it and therefore reaps the benefit of its productiveness, is an extremely important issue that is complementary to the issue of full employment... I see these as twin pillars of our economy: Full employment of our labor resources and widespread ownership of our capital resources. Such twin pillars would go a long way in providing a firm underlying support for future economic growth that would be equitably shared.” WayLongImportantWisdomWould BePoliticsGrowthSupportEconomyIssuesEconomicBenefitsResourcesLaborEmploymentFirmLiberalismProvidingOwnershipTwinsLong WayEconomic GrowthReapPillarsImportant IssuesComplementary Author:Hubert H. Humphrey
“Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.” WellsGrowthEconomyFinancialCongressMissionsCriticalEmploymentPreservesStabilityEfficientStableMaximumOutputFinancial SystemPrice Stability Author:Ben Bernanke
“Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.” NeedsShouldProblemGrowthWealthPayAttentionKnownPovertyCryCapitalismEconomicsShould HaveUniversalPraiseRaisedBottomSolveDisappearEmploymentLiftsPay AttentionBotherEconomistImpressiveReducingShould Have KnownShould Have Known BetterReducing Poverty Book:Contributions to Modern Economics Source: Contributions to Modern Economics
“Without investment there will not be growth, and without growth there will not be employment.” GrowthInvestmentEmployment Author:Muhtar Kent
“The government must nurture an eco-system where the economy is primed for growth; and growth promotes all-rounddevelopment. Where development is employment-generating ; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all. That is my concept ofeconomic good governance and all round development.” GovernmentGrowthQualityEconomyDevelopmentSkillsStandardsConceptsIndiaMeetingsRoundsProsperityProductionsEmploymentWelfareNurtureGovernanceEcoGood Governance Author:Narendra Modi
“Make in India' is a LION's step! This initiative on one hand, will increase manufacturing growth, and at the same time, will directly benefit the youth of the nation in the form of employment.” HandsFormNationsGrowthStepsYouthBenefitsIndiaIncreaseEmploymentLionsInitiativeGovernanceManufacturingMake In India Author:Narendra Modi
“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.” IfsMeanGrowthInterestMoneyNiceEconomicGoldRatePlanningEmploymentPrintDevotedBankingEconomic GrowthPrintingNice ThingsInterest RateCentral BanksDubiousSuppressingCentral BankingCentral PlanningPrinting Money Author:James Grant
“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.” WorldTryingIdeasGrowthIssuesEnvironmentGenerationsEconomicCreatingInnovationEntrepreneurShipsEmploymentEntrepreneurshipEmpoweringEnginesNew IdeasEconomic Growth Author:Klaus Schwab
“Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.” MeanStatesFallGrowthUnitedResultsUnited StatesPolicyHappeningsEuropeInvestmentIncomeEmploymentDeclineWagesDeliberateShrinksStagnantDeflationCapital Investment Author:Michael Hudson
“We can't treat the matter of black economic empowerment as just the redistribution of existing wealth. It really has to focus on new investment, on growth, on development of employment and so on and so on.” MatterBlackGrowthWealthFocusEconomicDevelopmentEmpowermentTreatsInvestmentEmploymentEconomic Empowerment Author:Thabo Mbeki
“I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.” PeopleThinkingNeedsWellsDoeHas BeensBigsPastProcessBlackGrowthWealthDealsFocusShareEconomicCreationEmpowermentImpactInvestmentSouthSpreadCriticalEmploymentCharacteristicsBuyingLots Of MoneySouth AfricaBig DealBorrowingEconomic Empowerment Author:Thabo Mbeki
“The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big.” BigsSeemsJobsGrowthEconomyEconomicStreetsWallImpactInvestmentEmploymentCollapseModestInitialsEconomic GrowthLendingPositive ImpactMain Street Author:Gerald Epstein
“Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.” PeopleIfsHelpingBigsMightBitsGrowthEconomicEffectsHavensOrdinaryThirdsIncreaseImpactRaisedRoundsSignificantEmploymentInequalityWealthyAssetsWagesOrdinary PeopleEconomic GrowthLendingPositive ImpactHaving StrengthBig Impact Author:Gerald Epstein
“Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.” GrowthInterestIncreaseRateEmploymentInequalityReducingInterest Rate Author:Gerald Epstein
“I think that the EU with the Lisbon agenda has put the right emphasis on growth and employment.” ThinkingGrowthEmploymentAgendasEmphasis Author:Angela Merkel