Ibrahim Babangida Quotes

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

The role of G-20 is to support the global economy to achieve strong, sustainable and balanced growth.

Global economic growth significantly increases with the growth of the world’s economic freedom.

Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns.

Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.

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

The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.

Our objective must therefore be to ensure EU better regulation contributes towards delivering a modern European Union which relentlessly focuses on building a dynamic and innovative economy equipped to meet the challenges of the 21st century.

And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.

You don’t produce development through aid; you produce it through private investment which creates jobs.

If you want your country to be competitive in the 21st century economy, a big financial sector is fundamentally bad news.

Young people in the third world can participate in global security if they also can participate in global prosperity.

Venezuela needs to develop; economic growth is essential for the country after so many years of lagging behind.

In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

If you look at the policies that were implemented over the past four years post 2015, these are not really growth oriented policies.

Reforms to product and labour markets, education, innovation, green growth, competition, taxes, health - they are the things that should be the object of our primary focus in the context of a long-term strategy to restore sustained growth.

Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.

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.

Shaping the future is what drives me. Since I left politics, I'm very much interested in emerging markets.

Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one.

To have a stable economy, to have a stable democracy, and to have a modern government is not enough. We have to build new pillars of development. Education, science and technology, innovation and entrepreneurship, and more equality.

When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.

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.

Developing nations want to become developed nations.

Our Government is committed to pursuing policies and programs which facilitate a further lowering of the interest rates in order to fuel investment and growth. We call on the commercial banks to partner with us in this effort.