Peter Drucker Quotes

Education is economic development.

Hungary has no raw materials and no major energy sources; we have some agricultural background. So what we produce here in Hungary is the result of our labor and minds, and then we have to sell it to the world. If we are not able to do that, if we are not innovative enough, if we are not modern and open enough, we can't do that.

I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.

In this time of budget cuts, we cannot forget that basic science is a building block for scientific innovation and economic growth in the information age.

We need to make a greater investment in human intelligence.

Our future growth relies on competitiveness and innovation, skills and productivity... and these in turn rely on the education of our people.

Romania is still very much underutilizing its natural and human potential.

A strong economy begins with a strong, well-educated workforce.

Over two billion people in China and India need commodities to grow their economies and improve their living standards.

A nation’s success in the global economy is not determined by the quantity of its natural resources, but by the quality of its human resources.

If Russia is to be a great power, it will be, not because of its nuclear potential, faith in God or its president, or Western investment, but thanks to the labor of the nation, faith in knowledge and science and the maintenance and development of scientific potential and education.

South Korea’s research and development output has increased from half the size of the Arab world to 20 times as large, and Israel’s research output on a per capita basis is 26 times as large as the Arab world’s.

You cannot be pro business unless you are pro education.

Russia's most precious resource is the brain power of this country. And you've got a lot of it. It's going to take a lot of brains in Russia to create a drain.

The foundation of economic development is the acquisition of more productive knowledge.

No development strategy can be based only upon what comes out of the ground, nor can it be sustained while young people are out of work.

Adding more people causes problems. But people are also the means to solve these problems. The main fuel to speed the world’s progress is our stock of knowledge; the brakes are our lack of imagination and unsound social regulations of these activities. The ultimate resource is people—especially skilled, spirited, and hopeful young people endowed with liberty—who will exert their wills and imaginations for their own benefits, and so inevitably they will benefit the rest of us as well.

The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.

While China succeeded in transferring nearly 150 million people from agriculture to manufacturing, we could not do so, due to lack of skilled manpower.

If you want a more productive economy, you need to invest in the skills of our workforce.

The smartest thing we can do to create high-wage jobs and grow our economy is to keep our focus on education.

You can't be a first-world economy in the 21st century if you haven't laid the groundwork to seize the opportunities.

South Africa has all the tools to compete in the new global village - an eager workforce, ready to take on any challenge.

Technological innovation is indeed important to economic growth and the enhancement of human possibilities.

Nigeria is a West African nation of over 100 million energetic people. It is endowed with lots of natural resources but lacks human resources.