“When you improve the people's economic well-being, it will lead to higher wage increases and higher purchasing power, which will lead to better economic growth. This is a self-fulfilling and virtuous cycle.”

—  Lim Guan Eng

Lim Guan Eng (2018) cited in " Govt not just in cost-cutting mode, says Lim https://www.thestar.com.my/news/nation/2018/10/10/govt-not-just-in-costcutting-mode-says-lim/" on The Star Online, 10 October 2018

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "When you improve the people's economic well-being, it will lead to higher wage increases and higher purchasing power, w…" by Lim Guan Eng?
Lim Guan Eng photo
Lim Guan Eng 5
Finance Minister of Malaysia 1960

Related quotes

Martin Luther King, Jr. photo
African Spir photo

“The moral improvement demands an evolution leading to a higher consciousness”

African Spir (1837–1890) Russian philosopher

Source: Words of a Sage : Selected thoughts of African Spir (1937), p. 60 - Hélène's Claparède-Spir underlined.

Didier Sornette photo
Edward M. Purcell photo

“It is an old story in physics that higher resolving power leads to new effects.”

Edward M. Purcell (1912–1997) American physicist

Nobel lecture (11 December 1952)
Context: It is an old story in physics that higher resolving power leads to new effects. We remember that the magnetic moment of the nucleus was itself discovered through the hyperfine structure of lines in the visible spectrum. The nuclear resonance line in a liquid or gas can be remarkably narrow, as you have already seen. As soon as the reason for this was recognized, it became clear that the only practical limit on resolution was the inhomogeneity of the magnetic field applied to the specimen.

C. Wright Mills photo

“Most [people] see education only as the means by which a person is transported from one economic plane to a higher one.”

Richard M. Weaver (1910–1963) American scholar

“Education and the individual,” p. 42.
Life Without Prejudice (1965)

Stephen R. Covey photo

“Self growth is tender; it's holy ground. There's no higher investment.”

Source: The Seven Habits Of Highly Effective People (1989), p. 62

Felix Adler photo

“The Infinite, from which comes the impulse that lead us to activity, is not the highest Reason, but higher than reason; not the highest Goodness, but higher than goodness.”

Felix Adler (1851–1933) German American professor of political and social ethics, rationalist, and lecturer

Section 2 : Religion
Founding Address (1876), Life and Destiny (1913)

George Monbiot photo

“Economic growth is the aggregate effect of the quest to accumulate capital and extract profit. Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity.”

George Monbiot (1963) English writer and political activist

"Dare to declare capitalism dead – before it takes us all down with it" https://www.theguardian.com/commentisfree/2019/apr/25/capitalism-economic-system-survival-earth, The Guardian, 25 April 2019.

Peter D. Schiff photo

“Real economic growth emanates from increased productivity, which tends to hold prices down.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

Related topics