A Quote by Ha-Joon Chang
The foundation of economic development is the acquisition of more productive knowledge.
Quote Topics
Quote Author
Related Quotes
Productive power is the foundation of a country's economic strength.
The development of general ability for independent thinking and judgment should always be placed foremost, not the acquisition of special knowledge.
For the scientific acquisition of knowledge is almost as tedious as the routine acquisition of wealth.
The great challenge to management today is to make productive the tremendous new resource, the knowledge worker. This, rather than the productivity of the manual worker, is the key to economic growth and economic performance in today's society.
Knowledge is theory. We should be thankful if action of management is based on theory. Knowledge has temporal spread. Information is not knowledge. The world is drowning in information but is slow in acquisition of knowledge. There is no substitute for knowledge.
Peace, development, and justice are all connected to each other. We cannot talk about economic development without talking about peace. How can we expect economic development in a battlefield?
When tiny, tiny things start happening a million times, it becomes a large thing. It lays down the foundation of a strong economic base. With women participating in building this economic base, it becomes the foundation for better social and economic future.
In its broadest ecological context, economic development is the development of more intensive ways of exploiting the natural environment.
Take a look at NAFTA, one of the worst deals ever made by any country having to do with economic development. It's economic un development as far as America is concerned.
21st century is the century of knowledge and the world has always looked at India whenever knowledge finds prominence. Emergence of knowledge society is no more a slogan but has become a reality. Knowledge will be the fountainhead of all the activities that happen in human development.
Each member of society can have only a small fraction of the knowledge possessed by all, and...each is therefore ignorant of most of the facts on which the working of society rests...civilization rests on the fact that we all benefit from knowledge which we do not possess. And one of the ways in which civilization helps us to overcome that limitation on the extent of individual knowledge is by conquering intelligence, not by the acquisition of more knowledge, but by the utilization of knowledge which is and which remains widely dispersed among individuals.
The millennium development goals are important, both morally and economically, because much of the world's population maybe is as much as a third of the world's population hasn't yet reached the level of economic development where we begin to get a dissociation from people's economic status and their reports about personal happiness. So we really do need to do much more and much more effectively in order to give everyone the kind of basis for which they can have good vibes.
China is a main energy consumer and, therefore, is also a big greenhouse gas emitter. We must use energy resources rationally and must conserve. This needs us to adjust our economic structure, transform the mode of development, to make economic development more dependent on progress of science and technology and the quality of the work force.
I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.
The realization of a sustainable economic development strategy for Maine's Native American communities has always been a priority and a critical element of my administration's overall economic development strategy.
We hope that more assistance will be available to the nations of the region, to include Egypt, on the three pillars that I discussed today: civic society development, education and economic development.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist