If I care about poverty, I have to care a lot about investments in the private sector. The private sector creates the vast majority of jobs in the world, and social protection only goes so far.
Interpretation
Addressing poverty requires a focus on private sector investment, as it is crucial for job creation.
Jim Yong Kim emphasizes the importance of the private sector in alleviating poverty. While social protection measures play a role, the majority of jobs, and thus economic opportunities, are generated by private enterprises. Therefore, to effectively combat poverty, it is essential to prioritize and invest in private sector growth.
In practice
In a keynote speech about economic policy, one might reference this quote to highlight the need for private sector investment.
If we do not act to curb climate change immediately, we will leave our children and grandchildren an unrecognizable planetIt is the poor, those least responsible for climate change and least able to afford adaptation, who would suffer the most.
We will never end poverty if we don't tackle climate change.
If you look at three diseases, the three major killers, HIV, tuberculosis and malaria, the only disease for which we have really good drugs is HIV. And it's very simple: because there's a market in the United States and Europe.
My father came by himself across the North Korean border when he was seventeen. And hasn't seen his brothers or sisters or parents since then. And he died some time ago, but never saw any of his relatives. My mother was a refugee in war-torn Korea.
Economic development and poverty alleviation are so complicated that I don't think there's a single background or a single discipline that is sufficient to tackle these great human problems.
One of the most important things about leadership is that you have to have the kind of humility that will allow you to be coached.
If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more accommodative during recoveries than would be called for under the traditional view that supply is largely independent of demand.
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.
Bankruptcy exposes the economic vulnerability and insecurity of middle class women.
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