John Hutton Quotes

The challenge to our national economies and the collective economy of Europe will become - with the growth of China and the continuing productivity growth of the US - even more intense in the decades to come.

Learning from the American experience, governments around the world have developed national innovation policies and programs to accelerate their economic prosperity and to help their citizens and companies compete globally.

Unless we rise to the challenge, instead of American youth being able to live the American dream, the Chinese will fulfill their dream of overtaking America.

But as you say, the fundamental stumbling block is the question of the future of the economy. And it's not just the sort of economic laboratory question, of what kind of system would best generate growth, which is the way it's presented.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.

We live in a time today where we face fierce global competition.

Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer.

The German export successes are not the result of some sort of currency manipulation, but of the increased competitiveness of companies. The American growth model, on the other hand, is in a deep crisis.

In the space of a decade, China and India have emerged as dramatic, dynamic competitors.

We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.

As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.

An actual understanding of our economy is that our economy most depends on our rate of innovation... It's not actually understood by most of the people running for office, but it's not in fact disputed.

We're not necessarily the ski boat, we're the skier. There are countries like Japan and Korea and others who are the ski boat at this point, but we're getting pulled right behind them.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

I think that the EU with the Lisbon agenda has put the right emphasis on growth and employment.

The only way in which a European union, embracing Britain but excluding eastern Europe, could become economically healthy would be develop the closest sort of trading relationships either with this hemisphere or with Africa.

It's the nation that's at risk, not just Oklahoma or Pennsylvania. It's the whole country that's competing with Korea, Germany and Japan.

Who would have thought that the Republicans who made a living for decades deriding Old Europe would embrace their economic policies.

Thus in the Old World also the production of wealth must be increased, but this enterprise is far more difficult in Europe than in America. The population of Europe is much more dense than in the New World: a portion of its lands is exhausted: the great number of political subdivisions, and the multiplicity of tongues, increase enormously the difficulties in the way of business on a great scale. Traditions handed down from the time when men toiled to produce slowly and in small quantities things shaped toward a far distant ideal of perfection are still strong among its people.

If the United States does well [economically], then the whole world does well.

Grand economic theories rarely last more than a few decades. Some, if they are particularly in tune with technological or political events, may make it to half a century. Beyond that, little short of military force can keep them in place.

We're grappling with the same issue facing all advanced economies - how to revive growth and distribute its fruits more fairly. An America that can tackle that problem head-on can perhaps help revive a stagnant global economy.

Obviously, the domestic need is to shape an economic policy that assures long-term healthy economic growth and a reassertion of American competitiveness in international competition.

Watching the economies in various parts of the world, I believe that there is scope for improvement everywhere. There is some corruption and inefficiency everywhere.

In general, global economic growth supports Russian economy.