economic development quotes

By 2035, there will be almost no poor countries left in the world. Almost all countries will be what we now call lower-middle income or richer.

Countries which receive aid do graduate. Within a generation, Korea went from being a big recipient to being a big aid donor. China used to get quite a bit of aid; now it’s aid-neutral.

Government can provide opportunity. But opportunity means nothing unless people are prepared to seize it.

Investing for the poor requires participation from the entire community.

There is no doubt that as an economy grows in a great way like India has, that you have to step back and change your tax systems, because you start to get more disparities of wealth.

My task over the last two years hasn’t just been to stop the bleeding. My task has also been to try to figure out how do we address some of the structural problems in the economy that have prevented more Googles from being created.

China adopted a capitalist system in the 1980s, and they went from a 60% poverty rate to 10%.

If you’re totally illiterate and living on one dollar a day, the benefits of globalization never come to you.

If you go back to 1800, everybody was poor. I mean everybody. The Industrial Revolution kicked in, and a lot of countries benefited, but by no means everyone.

Those who invest in South Africa should not think they are doing us a favor; they are here for what they get out of our cheap and abundant labor, and they should know that they are buttressing one of the most vicious systems.

Developing nations want to become developed nations.