Economic Diversification Quotes

There has always been a temptation, at times of economic difficulty, to turn inward and put up the shutters. That is when we need free trade most.

We need to diversify our economy, but I also think we still have a future in coal.

I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.

It has been attested by all experience that agriculture tends to discouragement and decadence whenever the predominant interests of the country turn to manufacture and trade.

I think Milan lack a bit of renovation and planning for the future. Too often, they focused only on the present, particularly after the 2007 Champions League triumph.

My travels around the country have led me to believe that many communities want this diversity of opportunity. They're proud of the traditional industries, whether it's coal or steel, or of course doing military service, but they want their kids to have opportunities beyond that.

While it is true that we must seek value added industries like food processing plants and call center operations, we must do what is necessary to expand and develop our economic profile.

The major economies are not American anymore. They are Asian and South American.

It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.

Luxembourg has always been a country that has tried to reinvent its own future.

I started digging and found that Israel signed a peace treaty with the United Arab Emirates after the country had diversified their economy, instead of being solely oil-based. This diversification had brought about modernization. I realized that if you land the price of oil, countries will diversify their economies and as a result, modernize.

Egypt does not possess rich natural resources. Its agricultural area is relatively small - less than 10 per cent of the total land. Its growth relies on tourism, Suez Canal tariffs, and foreign investment.

Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.

Cities have made the transition from industrial to service economies.

I would urge Rachel Notley to be more like Peter Lougheed. Lougheed had a sensible plan for the oil sands, which involved ancillary infrastructure like upgraders and refineries.

We should widen our economic base and encourage businesses to move up the value chain and increase job diversity.

Russia depends on natural resources way too much. Russian economy is not diversified enough

China's urbanization supported the country's impressive growth and rapid economic transformation.

We have to convince our youth that the nation does not need the white-collared class only. We have to find work for the rural young people in the village itself and stop the exodus to the cities.

The U.K. needs to diversify - to become the technological as well as the financial centre of Europe.

The export of oil, the export of minerals, will for many decades continue to be a critical part for the growth of African economies. The emphasis is on diversification. We have for many years - not just in South Africa but in many parts of the continent - spoken about beneficiation. And I think part of the secret, in relation to beneficiation, is you have got to make it attractive, profitable for the private sector - and it will take off. You may have to look at mechanisms like tax concessions... You will not have to worry about beneficiation if it makes commercial sense.

The growth model China has relied on for the last 30 years - one predicated on low-cost exports to the rest of the world and investment in resource intensive heavy manufacturing - is unlikely to serve it well in the next 30 years.

We need to diversify the economy. We need to get away from sugar.

As we leave the E.U., the U.K. can turn its back on the austerity policies that have been the hallmark of the euro area.

If there is to be any hope of prosperity for this country it is by reversing that policy which made us simply the kitchen garden for supplying the British with cheap food.