Business Quote by Jon Huntsman, Jr
“I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.”
About This Quote
Even skeptics of state-led economic development face reality: most nations, including Papua New Guinea, lack coordinated plans, highlighting the practical need for government involvement.
In simple terms: Government role in economics is often necessary.
Key Takeaway
Economic development rarely succeeds without state coordination.
Themes
Economic policy
Government role
Development
Pragmatism
Skepticism
Mood
Analytical
Pragmatic
Skeptical
Type
Political
Analytical
When to use this quote
- Policy debates
- International development work
- Political campaigns
Key Concepts
Public economics
Practical Applications
- Economic strategy formulation
- Public advocacy
Questions to Reflect On
- Why do some countries succeed without formal development plans?
- What balance should be struck between market forces and state intervention?
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