Complicated Quote by Evan Davis
“There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if the population doesn't save, the economy will not tend to export as much, and if it doesn't export as much, it won't manufacture enough.”
About This Quote
Exporting, manufacturing, and national saving are interlinked; low savings limit export capacity and thus manufacturing.
In simple terms: Saving, exporting, manufacturing are connected.
Boost national saving.
Themes
Mood
Type
When to use this quote
- policy design
- economic growth
- trade negotiations
Key Concepts
Questions to Reflect On
- How can policy encourage saving?
- What role does consumer confidence play?
Cultural habits may affect saving rates.