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Growth Quotes

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Growth Quotes

“I accept the proposition that there has been a significant improvement in underlying productivity growth in the United States, that it is very closely tied to improvements in information and communications technology, and that it is likely to spread around the world. But I resist the new economy label because it seems to encourage a disrespect for the old rules that could seriously undermine our success in taking advantage of the new opportunities.”

“Well I'm not making predictions. But the point I can - what I can say to you to contribute to your thinking is as somebody who has been out knocking on doors, doing the street corners, speaking to constituents right across the country is that the Government - that people understand that the Government's message of jobs and growth is addressing their concerns and they have a level of - a high level of confidence that Malcolm Turnbull and Scott Morrison are the people who can deliver.”

“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.”

“I think what is true is that there's been an underlying division in the United States. Some of it has to do with the fact that economic growth and recovery tends to be stronger in the cities and in urban areas. In some rural areas, particularly those that were reliant on manufacturing, there has been weaker growth, stagnation, people feeling as if their children won't do as well as they will.”

“We're [with Donald Trump] working from Day 1, which will be [Monday, January 23 2017], the first full business day of the administration, to begin to roll back the unconstitutional executive orders and an avalanche of regulations that have been stifling growth and jobs in Indiana and across the economy.”

“The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have been producing students at a rapid rate; they're competing for funds and therefore they're more frustrated. I think there's a certain sense of weariness in the intellectual realm, it's not in any way peculiar to economics, it's a general proposition.”

“For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.”

“Let's take Southeast Asia. The last 20, 30 years has been what's called the "Asian Miracle" - fast economic growth, industrial society. It's happening all over, with one exception, which one? The Philippines is the one that can't grow, which the US has been running for 100 years. Is there a correlation? Have you read about it? It comes to mind, at least.”