What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
Interpretation
The disparity between developing and developed nations lies in their access to knowledge and resources.
This quote by Joseph Stiglitz highlights that the divide between developing and developed countries is not only due to a lack of financial resources but also a significant difference in knowledge and education. It suggests that understanding, expertise, and the ability to innovate are critical for growth and development, and addressing these gaps is essential for improving the conditions of developing countries.
In practice
In a speech about the importance of education in economic growth.
Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.
I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the people are worried about their job security.
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.
We have a locale-based education system; we have increasing economic segregation. We clearly need a larger federal program to try to help disadvantaged districts.
I am always doing what I can't do yet in order to learn how to do it.
The best educated human being is the one who understands most about the life in which he is placed.
In a way, math isn't the art of answering mathematical questions, it is the art of asking the right questions, the questions that give you insight, the ones that lead you in interesting directions, the ones that connect with lots of other interesting questions -the ones with beautiful answers.
I don’t think people realise how vital libraries are or what a colossal danger it would be if we were to lose any more. Having had a truncated school life myself, all of my education from the age of 17 has been self-taught. I wouldn’t be the person I am today if it wasn’t for the opportunities the library gave me.
Do not try to satisfy your vanity by teaching a great many things. Awaken people's curiosity. It is enough to open minds; do not overload them. Put there just a spark. If there is some good inflammable stuff, it will catch fire.
Children are not simply commodities to be herded into line and trained for the jobs that white people who live in segregated neighborhoods have available.
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