A Quote by Mario Draghi

Productivity growth is the only possible way to achieve prosperity. — © Mario Draghi
Productivity growth is the only possible way to achieve prosperity.
In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.
The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.
My advice would be, as you consider fiscal policies, to keep in mind and look carefully at the impact those policies are likely to have on the economy's productive capacity, on productivity growth, and to the maximum extent possible, choose policies that would improve that long-run growth and productivity outlook.
Cities can become the engines that fuel our nation's growth and prosperity, and they can be wide gateways for families to achieve their own American dream of prosperity.
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
Many people find spiritual growth possible only when times are hard; prosperity tends to promote complacency.
Real prosperity comes from everybody in the country working together in a growth mode. Real prosperity comes as a result of people's own initiative and efforts and so forth. Prosperity, if it comes from the government, is not prosperity. It's an existence or a subsistence or whatever, but it isn't prosperity.
We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.
The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.
There is only one way by which you can achieve prosperity. It is to take charge of your mind.
By holding down natural wage growth in labor-intensive industries, immigration serves as a subsidy for low-wage, low-productivity ways of doing business, retarding technological progress and productivity growth.
Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.
Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.
I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.
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