A Quote by Arthur Lewis
Two conditions of self-sustaining growth are that a country has acquired a cadre of domestic entrepreneurs and administrators and, secondly, that it has attained to adequate savings and taxable capacity.
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If there is genuine potential for growth, build capacity in advance of demand, as a strategy for creating demand. Hold the vision, especially as regards assessing key performance and evaluating whether capacity to meet potential demand is adequate.
What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.
Never before has a populist democracy attained international supremacy. But the pursuit of power is not a goal that commands popular passion, except in conditions of a sudden threat or challenge to the public's sense of domestic well-being. The economic self-denial (that is, defense spending) and the human sacrifice (casualties, even among professional soldiers) required in the effort are uncongenial to democratic instincts. Democracy is inimical to imperial mobilization.
We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
Our country has a capacity to cater to huge demands, both domestic and overseas.
Government does create prosperity and growth by creating the conditions that allow both entrepreneurs and their customers to thrive; balancing the power of capitalists like me and workers isn't bad for capitalism - it's essential to it.
If we want to recruit and retain high-quality teachers, it starts with a fair wage, adequate working conditions, and the resources and support to succeed. Remember: teachers' working conditions are students' learning conditions.
A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.
The United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.
Obviously, you can't operate a system at 100 percent capacity. You need room for growth. And because there are peak times, you need surge capacity. But it is easier to reduce and manage excess capacity in larger units than smaller, especially when you have a diversity of users who have different peak periods and different growth rates. That's why the utility model is intriguing.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
Philanthropists can learn important lessons from business entrepreneurs. They both spend their time solving problems. And to be successful, they both must overcome physical challenges and create self-sustaining operations. And ultimately, they must allow people to take action for their own benefit.
Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.
You bet I write disaster fiction. We have compiled a disastrous record on this planet, a record of stupidity and absurdity and self-abuse and self-aggrandizement and self-deception and pompousness and self-righteousness and cruelty and indifference beyond what any other species has demonstrated the capacity for, which is the capacity for all the above.
Capitalism proceeds through creative destruction. What is created is capitalism in a 'new and improved' form - and what is destroyed is self-sustaining capacity, livelihood and dignity of its innumerable and multiplied 'host organisms' into which all of us are drawn/seduced one way or another.
Self-mastery calls for thorough familiarity with one's mental and emotional strengths. And it calls for sustaining a commitment to personal growth - the understanding of what makes you tick as an individual - as well as personal development.
