Tony Abbott Quotes

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work.

Without investment there will not be growth, and without growth there will not be employment.

The history of economic growth is the history of people making more with less and shifting into new jobs that were unheard of in the previous generation.

Without productivity gains, any growth in GDP is exactly offset by population growth, and the average income stays the same.

Productivity growth is the only possible way to achieve prosperity.

Free enterprise is the only way for substantial growth.

Of all the powers on the face of the earth America is the one whose increasing population and immense territory furnish the best prospect for British produce and manufactures.

I'm not happy exporting jobs but we must move ahead in technology and patents. I don't like losing any jobs but we'll see new opportunities created selling products there. We'll have a net increase in economic activity, just as we did with free trade. It's tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you're hopelessly left behind. Then you are Russia.

I was once a doubter whether the labor of the cultivator, aided by the creative powers of the earth itself, would not produce more than that of the manufacturer alone, and unassisted by the dead subject on which he acted ... But the invention of the latter times, by labor saving machines, do as much now for the manufacturer as the earth does for the cultivator...

India, China, and Latin America have a tremendous stake in the people's century. As their masses learn to read and write, and as they become productive mechanics, their standard of living will double and treble.

The skills and productivity of American Workers, .... are the greatest economic resource our country has.

In America, innovation does not just improve our lives. It is the way we make our living.

Regardless of how it is funded, consumption does not increase productivity; investment and innovation do.

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.

Countries that censor news and information must recognize that from an economic standpoint, there is no distinction between censoring political speech and commercial speech. If businesses in your nations are denied access to either type of information, it will inevitably impact on growth.

We could do so much if we concentrated on the business community and created jobs. If we make this our focus, a stronger economy and politics will follow.

As a general principle, the American people would be well served by the active pursuit of effective policies to support longer-run growth in productivity.

We should raise fierce flames of innovations in the vanguard sectors, basic industrial sectors, and all other sectors of the national economy.

During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.

When you increase productivity, economies become better - local economies become better, society becomes better.

Improving SME productivity translates into more and better paying jobs, distributed across less fortunate sections of the economy.

I think any time you increase focus, increase speed, all those are going to help any business.

We need economic growth, yes, but growth can be jobless, so a sustainable development framework for employment must include a job creation strategy.

Future prosperity will be built on private sector growth.

We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.