Skip to content

Development Quote by Peter Drucker

“The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.” quote by Peter Drucker
Download Open image
“The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.”

Peter Drucker

About This Quote

Source Book: The Practice of Management, Peter Drucker, 1954

People are the key drivers of economic growth, not physical assets.

In simple terms: People drive economic development.

Key Takeaway

Invest in human capital.

Themes

economics development human capital

Mood

optimistic serious

Type

analytical motivational

When to use this quote

  • education policy
  • workforce training
  • entrepreneurship
  • community development

Key Concepts

productivity skill development innovation

Questions to Reflect On

  • How can we better nurture talent?
  • What policies best support human capital?
A Different Perspective

Neglecting technology and infrastructure can limit growth.

2.8 out of 5 (4 ratings)

More by Peter Drucker

Explore all 603 Peter Drucker quotes

More Development quotes

Browse all 4,447 Development quotes