A Quote by Winnie Byanyima

Africa's young population could be a huge economic asset if inequality were addressed. — © Winnie Byanyima
Africa's young population could be a huge economic asset if inequality were addressed.
I'm extremely positive about investment in Africa. Africa has a wonderful climate, wonderful people, and amazing possibilities. Africa has been called dark and hopeless, but today it is neither of these. Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. It's the best place to invest.
Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. People spend when they're young.
Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey.
We in America were worried about many problems dealing with economic inequality and political inequality. The Communist Party seemed to be the only political force, both concerned and willing, to take action to stop the threat of fascism abroad and to work for economic and political reform in this country.
Solving the population problem is not going to solve the problems of racism, of sexism, of religious intolerance, of war, of gross economic inequality. But if you don't solve the population problem, you're not going to solve any of those problems. Whatever problem you're interested in, you're not going to solve it unless you also solve the population problem. Whatever your cause, it's a lost cause without population control.
Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.
I try not to get too political. But coming from South Africa, where apartheid was a huge problem, and there was lots of inequality, has shaped me in terms of how I view certain issues.
You can call it institutionalized racism or institutionalized inequality, but what I say is that any system that operates to maintain inequality is a corrupt system and must be addressed.
I am on my way to Ghana tomorrow morning and you just need to know that this Administration is very focused on doing all we can to promote economic development in this part of the world, in Africa, throughout Africa, North Africa and sub-Saharan Africa.
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.
We have never seen a sport as a business, and we have this great passion for football. QPR are not a trophy asset. If we had wanted a trophy asset, there were more glamorous clubs we could have bought.
In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.
Until we fix the deep-rooted problems of economic inequality, we cannot expect young people to experience the best childhood and adolescence.
When Gordon Brown becomes prime minister, the balance sheet that reflects his economic stewardship could look very sickly indeed. He could become Labour's biggest liability, not its most marketable asset.
I was always amused that people were either skeptical or surprised that I would choose a Hillary Clinton as a secretary of state. To my mind, having somebody smart, tough, capable with her own stature, who could travel around the world and command the stage, was a huge asset.
South Africa never leaves one indifferent. Its history, its population, its landscapes and cultures - all speak to the visitor, to the student, to the friend of Africa.
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