I have always believed that the ultimate purpose of…
“I have always believed that the ultimate purpose of economic policies and development policy is to meet the basic needs of our people. And for that, we need a fast-expanding economy.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economic policy should prioritize satisfying fundamental human needs, and rapid economic growth is seen as the means to achieve that.
In simple terms: Policy aims to meet basic needs via growth.
Key Takeaway
Growth is a tool for welfare.
Themes
Economic development
Public welfare
Policy effectiveness
Growth strategy
Human needs
Mood
Optimistic
Purposeful
Type
Policy statement
Visionary quote
When to use this quote
- Designing national development plans
- Evaluating social welfare programs
- Assessing macroeconomic reforms
Key Concepts
Economic policy
Development economics
Basic needs
Growth dynamics
Practical Applications
- Formulating inclusive growth strategies
- Allocating resources to essential services
Questions to Reflect On
- How can growth be inclusive?
- What metrics best capture basic needs fulfillment?