--- title: "Meaning & Key Takeaway of: Economic growth is very important, but it…" description: "\"Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effectiv..." image: "https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg" --- # Economic growth is very important, but it is not the only… ![“Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.” quote by Angus Deaton](https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg) [Download](https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg) [Open image](https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg) > “Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.” [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth alone is insufficient; society must also ensure equitable sharing through robust social services for those left behind. **In simple terms:** Growth needs sharing and services for the disadvantaged. Key Takeaway Pair economic policies with strong social safety nets. Themes economics inequality social policy justice Mood analytical concerned Type policy ethical When to use this quote - policy making - community development - public health planning - NGO program design Key Concepts Redistributive economics welfare state human development Questions to Reflect On - What mechanisms ensure growth benefits all? - How can social services be made more effective? A Different Perspective Economic growth can exacerbate inequality if not paired with redistribution. ★ ★ ★ ★ ★ No ratings yet [Economic growth](https://sms4smile.com/quotes/about/economic-growth/) [Growth](https://sms4smile.com/quotes/about/growth/) [Left behind](https://sms4smile.com/quotes/about/left-behind/) [Sharing](https://sms4smile.com/quotes/about/sharing/) ## Related quotes > [Economic growth is the key to everything. But once you have economic growth, it is important that we reach out to people who live…](https://sms4smile.com/quotes/john-kasich/economic-growth-is-the-key-to-everything-but-once-you-have-economic/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [Economic growth is important. But we cannot count on economic growth alone to fund the public education system our children need and deserve.](https://sms4smile.com/quotes/kate-brown/economic-growth-is-important-but-we-cannot-count-on-economic-growth/) [Kate Brown](https://sms4smile.com/quotes/author/kate-brown/) > [The most effective social programs are in local communities. They know best where funding should go.](https://sms4smile.com/quotes/ashley-biden/the-most-effective-social-programs-are-in-local-communities-they-know/) [Ashley Biden](https://sms4smile.com/quotes/author/ashley-biden/) > [Being effective at social media, whether for business or personal use, means capturing people who have short attention spans. They're only a click away…](https://sms4smile.com/quotes/alexis-ohanian/being-effective-at-social-media-whether-for-business-or-personal-use/) [Alexis Ohanian](https://sms4smile.com/quotes/author/alexis-ohanian/) > [We have our own internal version of Klout. We do rate people in this way - their effectiveness on social media. Tying social into…](https://sms4smile.com/quotes/sandy-carter/we-have-our-own-internal-version-of-klout-we-do-rate-people-in-this/) [Sandy Carter](https://sms4smile.com/quotes/author/sandy-carter/) > [Micro-Content + Community Management = Effective Social Media Marketing](https://sms4smile.com/quotes/gary-vaynerchuk/micro-content-community-management-effective-social-media-marketing/) [Gary Vaynerchuk](https://sms4smile.com/quotes/author/gary-vaynerchuk/) > [“A healthy state of mind of a society, is strengthened through the inhancement of positive and effective social support systems.”](https://sms4smile.com/quotes/wayne-chirisa/a-healthy-state-of-mind-of-a-society-is-strengthened-through-the/) [Wayne Chirisa](https://sms4smile.com/quotes/author/wayne-chirisa/) > [Economic growth is the most important initiative every governor faces.](https://sms4smile.com/quotes/dave-heineman/economic-growth-is-the-most-important-initiative-every-governor-faces/) [Dave Heineman](https://sms4smile.com/quotes/author/dave-heineman/) > [One of my greatest fears is not being able to change, to be caught in a never-ending cycle of sameness. Growth is so important.](https://sms4smile.com/quotes/matt-dillon/one-of-my-greatest-fears-is-not-being-able-to-change-to-be-caught-in/) [Matt Dillon](https://sms4smile.com/quotes/author/matt-dillon/) > [“While there is always room for improvement and personal growth, it is important to remember that you are enough in this moment - just…](https://sms4smile.com/quotes/john-bruna/while-there-is-always-room-for-improvement-and-personal-growth-it-is/) John Bruna > [Growth becomes less important than stability; we have to give people changes slowly.](https://sms4smile.com/quotes/eliyahu-goldratt/growth-becomes-less-important-than-stability-we-have-to-give-people/) [Eliyahu Goldratt](https://sms4smile.com/quotes/author/eliyahu-goldratt/) > [“A sense of growth is so important to happiness that it’s often preferable to be progressing to the summit rather than to be at…](https://sms4smile.com/quotes/gretchen-rubin/a-sense-of-growth-is-so-important-to-happiness-that-it-s-often/) [Gretchen Rubin](https://sms4smile.com/quotes/author/gretchen-rubin/) > [Self reflection and growth is always important.](https://sms4smile.com/quotes/jill-zarin/self-reflection-and-growth-is-always-important/) [Jill Zarin](https://sms4smile.com/quotes/author/jill-zarin/) > [The government should not be in the business of funneling money for social services through any faith-based organization](https://sms4smile.com/quotes/susan-jacoby/the-government-should-not-be-in-the-business-of-funneling-money-for/) [Susan Jacoby](https://sms4smile.com/quotes/author/susan-jacoby/) > [ In some instances even certain social services that normally were supplied, or pre-empted by the state. Take the United States, the \[Ronald\] Reagan administration… ](https://sms4smile.com/quotes/murray-bookchin/in-some-instances-even-certain-social-services-that-normally-were/) [Murray Bookchin](https://sms4smile.com/quotes/author/murray-bookchin/) ## More by Angus Deaton > [I don't think income solely determines health. I think lots of other things determine health.](https://sms4smile.com/quotes/angus-deaton/i-don-t-think-income-solely-determines-health-i-think-lots-of-other/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I, who do not believe in socialized health-care, would advocate a single-payment system... because it will get this monster that we've created out of…](https://sms4smile.com/quotes/angus-deaton/i-who-do-not-believe-in-socialized-health-care-would-advocate-a/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [Many people have mixed views about unions, but unions used to give people some measure of control at work. They gave them a social…](https://sms4smile.com/quotes/angus-deaton/many-people-have-mixed-views-about-unions-but-unions-used-to-give/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I've always - and not always happily - considered myself an outsider. Certainly at Fettes. And then the Scots are always outsiders in England.…](https://sms4smile.com/quotes/angus-deaton/i-ve-always-and-not-always-happily-considered-myself-an-outsider/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [People who have children, by and large, want children. People who don't want children are people who, by and large, don't want to have…](https://sms4smile.com/quotes/angus-deaton/people-who-have-children-by-and-large-want-children-people-who-don-t/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [The first thing we need to understand when we think about globalization is that it has benefited an enormous number of people who are…](https://sms4smile.com/quotes/angus-deaton/the-first-thing-we-need-to-understand-when-we-think-about/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [High quality, open, transparent, and uncensored data are needed to support democracy.](https://sms4smile.com/quotes/angus-deaton/high-quality-open-transparent-and-uncensored-data-are-needed-to/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [Success breeds inequality, and you don't want to choke off success.](https://sms4smile.com/quotes/angus-deaton/success-breeds-inequality-and-you-don-t-want-to-choke-off-success/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [“It can be bad if the winners try to stop others from following them, pulling up the ladders behind them.”](https://sms4smile.com/quotes/angus-deaton/it-can-be-bad-if-the-winners-try-to-stop-others-from-following-them/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [A good theoretical account must explain all of the evidence that we see. 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I feel only safe as…](https://sms4smile.com/quotes/angus-deaton/it-s-hard-to-know-what-s-going-to-be-replaced-by-technology-tomorrow/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [The history of Montana has been of the government giving land grants to people that could not possibly turn it into decent farms. And…](https://sms4smile.com/quotes/angus-deaton/the-history-of-montana-has-been-of-the-government-giving-land-grants/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I have the great good fortune that one of my collaborators in work, Anne Case, is also my collaborator in life.](https://sms4smile.com/quotes/angus-deaton/i-have-the-great-good-fortune-that-one-of-my-collaborators-in-work/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) [Explore all 102 Angus Deaton quotes ](https://sms4smile.com/quotes/author/angus-deaton/) ## More Economic growth quotes > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-continued-by-means-of-a-succession-of-new-products/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [The average well-being of our societies is not dependent any longer on national income and economic growth. ... But the differences between us and…](https://sms4smile.com/quotes/richard-g-wilkinson/the-average-well-being-of-our-societies-is-not-dependent-any-longer/) [Richard G. Wilkinson](https://sms4smile.com/quotes/author/richard-g-wilkinson/) > [In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…](https://sms4smile.com/quotes/martin-feldstein/in-short-both-experience-and-economic-theory-imply-that-the-us-could/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [I was the chairman of the Budget Committee and the lead architect the last time it happened in Washington, and when we did it…](https://sms4smile.com/quotes/john-kasich/i-was-the-chairman-of-the-budget-committee-and-the-lead-architect-the/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [“Since the 1960s, the national “average” of U.S. students on international tests has been middling to poor at best. Yet, the nation experienced unprecedented…](https://sms4smile.com/quotes/terry-marselle/since-the-1960s-the-national-average-of-u-s-students-on-international/) [Terry Marselle](https://sms4smile.com/quotes/author/terry-marselle/) > [Economic growth and 'future superpower' status is all very good but that doesn't guarantee dignity for every individual.](https://sms4smile.com/quotes/arvind-kejriwal/economic-growth-and-future-superpower-status-is-all-very-good-but/) [Arvind Kejriwal](https://sms4smile.com/quotes/author/arvind-kejriwal/) > [Education affects every major challenge we face in society. It creates economic growth, paves the way for peace and stability and helps erase the…](https://sms4smile.com/quotes/shakira/education-affects-every-major-challenge-we-face-in-society-it-creates/) [Shakira](https://sms4smile.com/quotes/author/shakira/) > [Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.](https://sms4smile.com/quotes/joe-craft/increased-spending-growing-government-debt-and-overreaching/) [Joe Craft](https://sms4smile.com/quotes/author/joe-craft/) > [Following one of the most violent conflicts in human history, the United States and Japan built a deep and abiding friendship - an alliance…](https://sms4smile.com/quotes/ben-rhodes/following-one-of-the-most-violent-conflicts-in-human-history-the/) [Ben Rhodes](https://sms4smile.com/quotes/author/ben-rhodes/) > [“For their never-ending endeavours to obtain or retain wealth, countries desperately need companies, because they—unlike most human beings—have the means of production, and human…](https://sms4smile.com/quotes/mokokoma-mokhonoana/for-their-never-ending-endeavours-to-obtain-or-retain-wealth/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [Economic growth is our North Star. Anyone who suggests we can just cut our way to prosperity isn't being honest. Anyone who suggests we…](https://sms4smile.com/quotes/wes-moore/economic-growth-is-our-north-star-anyone-who-suggests-we-can-just-cut/) [Wes Moore](https://sms4smile.com/quotes/author/wes-moore/) > [“The English state thus constructed a system, later followed by other European countries, in which the ruler was subject to the law and in…](https://sms4smile.com/quotes/nicholas-wade/the-english-state-thus-constructed-a-system-later-followed-by-other/) [Nicholas Wade](https://sms4smile.com/quotes/author/nicholas-wade/) > [Entrepreneurship is the cornerstone to African development and the key to local value creation in Africa. I am determined to ensure that Africa's next…](https://sms4smile.com/quotes/tony-elumelu/entrepreneurship-is-the-cornerstone-to-african-development-and-the/) Tony Elumelu > [Does inequality in the distribution of income increase or decrease in the course of a country's economic growth?](https://sms4smile.com/quotes/simon-kuznets/does-inequality-in-the-distribution-of-income-increase-or-decrease-in/) [Simon Kuznets](https://sms4smile.com/quotes/author/simon-kuznets/) [Browse all 732 Economic growth quotes ](https://sms4smile.com/quotes/about/economic-growth/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.", "creator": { "@type": "Person", "name": "Angus Deaton" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/angus-deaton/economic-growth-is-very-important-but-it-is-not-the-only-thing-and-it/", "about": { "@type": "Thing", "name": "Economic growth" }, "@id": "https://sms4smile.com/quotes/angus-deaton/economic-growth-is-very-important-but-it-is-not-the-only-thing-and-it/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg", "url": "https://sms4smile.com/quotes/i/ddb/angus-deaton-5260_economic-growth_economic-growth-is-very-important-but-it_1586527.jpg", "width": 1080, "height": 1080, "caption": "“Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with…” — Angus Deaton", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Angus Deaton", "item": "https://sms4smile.com/quotes/author/angus-deaton/" }, { "@type": "ListItem", "position": 4, "name": "Economic growth is very important, but...", "item": "https://sms4smile.com/quotes/angus-deaton/economic-growth-is-very-important-but-it-is-not-the-only-thing-and-it/" } ], "@id": "https://sms4smile.com/quotes/angus-deaton/economic-growth-is-very-important-but-it-is-not-the-only-thing-and-it/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```