Advantage Quote by Lester Thurow
“Natural resources have dropped out of the competitive equation. In fact, a lack of natural resources may even be an advantage. Because the industries we are competing for - the industries of the future - are all based on brainpower.”
About This Quote
Source Article: Economic Futures, 1998
Future economies rely on intellectual capital rather than physical resources; scarcity can be advantageous.
In simple terms: Brainpower drives future industries, not natural resources.
Key Takeaway
Invest in education and innovation.
Themes
economics
innovation
resource scarcity
future trends
human capital
Mood
analytical
forward-looking
Type
economic
strategic
When to use this quote
- policy planning
- business strategy
- academic research
- career counseling
- investment decisions
Key Concepts
knowledge economy
strategic advantage
sustainability
technological development
Questions to Reflect On
- How can societies shift to knowledge-based economies?
- What policies support intellectual capital growth?
A Different Perspective
Transition to a knowledge economy may be uneven across regions.
![“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the last 30 years] without having gone through a revolution or losing a major war.” quote by Lester Thurow](https://sms4smile.com/quotes/img-quotes/590/lester-thurow-32621_inequality_probably-no-country-has-ever-had-as-larg_321027.jpg)
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
