A Quote by Leila Janah
Time and again we’ve seen that reducing poverty comes down to economic opportunity-not just connecting the poor to services like banking, but ensuring they can be producers on fair terms in the global economy.
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On the one hand, I loved being a banker. I loved how numbers could tell a story and how you can invest in ideas and see them translate into products and services and create jobs. What I didn't like, particularly where I was working in Brazil during the debt crisis of the early '80s, was how the poor were excluded from the banking system. I made the decision to try and experiment with whether we could use the tools of banking to extend the benefits of the economy to the poor.
The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people.
In the eighties and nineties, the innovation agenda was exclusively focused on enterprises. There was a time in which economic and social issues were seen as separate. Economy was producing wealth, society was spending. In the 21st century economy, this is not true anymore. Sectors like health, social services and education have a tendency to grow, in GDP percentage as well as in creating employment, whereas other industries are decreasing. In the long term, an innovation in social services or education will be as important as an innovation in the pharmaceutical or aerospatial industry.
My administration is focused on continuing to grow our economic foundation while ensuring emerging industries have the infrastructure and workforce they need to succeed in the global economy.
If we start thinking simply nationally, and we start having policies that try and restrict the benefits only within our borders, and try and implement protectionist measures as a consequence, this will not have the effect we need to have on the global economy. And that's ultimately the global economy that's pulling most of us down, particularly countries like Canada, that aren't the source of these current economic troubles.
I believe there is no other way to create decent livelihoods for the world's poorest people than to connect them to global markets as producers, and on fair terms.
A lack of reform - particularly in international tax - has hurt our ability to compete in a global economy by keeping U.S. corporate cash overseas and reducing domestic investment, slowing economic growth.
Pope Francis emphatically does not buy the argument that poverty can be alleviated by the 'trickle down' effects of wealth creation. He is deaf to arguments that the global economy has brought a billion people out of poverty. He is convinced, in short, that the best and only way to expel poverty is fairer distribution of the world's goods.
I'm the founder and CEO of Sama Group, a family of social enterprises - Samasource, Samahope and SamaUSA - that are working to alleviate poverty by connecting the global community to opportunity in sub-Saharan Africa, South Asia, the Caribbean and here in the U.S.
The world economy is not yet a community--not even an economic community...Yet the existence of the "global shopping center" is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
There is an alternative to terror. It is called, in the political order, democracy. In the economic order, it is called the dynamic enterprise economy. (...) It empowers poor people from the bottom up. (...) A dynamic economic sector is the poor's best hope of escaping the prison of poverty. It is the only system so far known to human beings to take poor people and make them, quite soon, middle class, and some of them even (horrors!) rich.
Ninety-seven percent of the CEOs of the Fortune 500 are white men, and what they do radiates all the way down into poor areas and cities around our country. Like predatory lending and misallocation of municipal services. These guys get municipal service, poor areas don't. So they run the economy into the ground, and who suffers the most? The poor pay more and they die earlier.
Wealth and poverty are seen for what they are. It begins to be seen that the poor are only they who feel poor, and poverty consists in feeling poor. The rich, as we reckon them, and among them the very rich, in a true scale would be found very indigent and ragged.
As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities.
A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
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