Control Quote by Michael Spence
“Developing economies may not have much control over the headwinds that they face today, but that does not mean that they are powerless. Much can be done not just to sustain moderate growth but also to secure a more prosperous and resilient future.”
About This Quote
Source Book: The Economics of Development, 2014
Developing nations face external challenges but can still pursue growth and resilience.
In simple terms: External forces challenge but don’t dictate growth.
Focus on policies that build resilience.
Themes
Mood
Type
When to use this quote
- Trade negotiations
- infrastructure projects
- education reform
Key Concepts
Questions to Reflect On
- What policies best boost resilience?
- How can small economies influence global markets?
Resources may be limited for large reforms.