A Quote by Joe Lonsdale

The inability of middle-class people to receive loans in developing countries has had a stifling effect on economic growth and prosperity around the globe.

Joe Lonsdale

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Around Class Countries Developing Developing Countries Economic Economic Growth Effect Globe Growth Had Inability Loans Middle People Prosperity Receive Stifling

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Joe Lonsdale
American - Businessman
Born: September 12, 1982

Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.

James Surowiecki

A stronger middle class is not the consequence of economic growth. A stronger middle class is the cause of economic growth.

Martin O'Malley

One of the most compelling arguments for encouraging the education of girls, particularly in developing countries, is this: Education enables jobs, jobs are a source of economic growth, and economic growth is a key to development and stability.

Tae Yoo

There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history.

Joe Lonsdale

In Maryland, I didn't grow up around poor white people. Where I grew up, the white people were middle class or upper-middle class. It's interesting how screwed up it is in reality, because most people who receive assistance from the government are white, but not in my head or in my experience.

Kelela

A world where wages no longer rise still needs consumers. Middle-class purchasing power has been maintained through loans, loans and more loans. The Calvinistic reflex that you have to work for your money has turned into a license for inequality.

Rutger Bregman

Education is the most powerful tool countries have for boosting economic growth, increasing prosperity, and forging more just, peaceful and equitable societies.

Wendy Kopp

The centerpiece of Obamanomics - raising taxes on high earners and investors and lowering them on the middle class - is attacked by free-marketers for penalizing economic success and possibly further stalling economic growth.

Nina Easton

Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go at the root causes of poverty and economic stagnation by promoting pro-growth policies that promote prosperity?

Paul Ryan

I am afraid there are people who want to stop the economic growth, the rise in the standard of living (though not their own) and the ability of man to use the expanding wealth, science and technology for solving the actual pressing problems of mankind, especially of the developing countries.

Vaclav Klaus

This kind of inequality - a level that we haven’t seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling...it drags down the entire economy from top to bottom. America was built on the idea of broad-based prosperity... That’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars he made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.

Barack Obama

Working together, we will continue to lay the foundation for a new generation of inclusive economic growth, expand economic opportunity for middle-class families, and ensure that innovative businesses have the support they need to thrive and grow in the years to come.

Maggie Hassan

Federal policies must understand the linkages between economic growth, social mobility, and a strong middle class.

Bill Foster

You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.

Gordon Brown

The Prosperity Fund has found innovative ways to help developing countries to improve their infrastructure, skills, trade and business environments; introducing to them sustainable models of trade and growth, rather than reliance upon traditional aid.

David Lidington

The dual effect of high growth creating higher income that's taxed by government at all levels, combined with lessening demands placed on government that occurs during economic prosperity, is a worthy objective.

Jeb Bush

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