The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Interpretation
High unemployment among youth in the Middle East can lead to political unrest.
This quote highlights the critical situation in the Middle East, where a large number of young people are entering the job market without sufficient employment opportunities. This frustration stemming from unemployment and hunger is likely to manifest in the political domain, potentially leading to instability and conflict as the youth demand change and better conditions.
In practice
During a seminar on economic development, one could quote this to emphasize the urgent need for job creation.
I have the responsibility of over four million people, and I am in a position to do good, to be able to bring about a new life for my people, and I will continue to move in that direction. It's a burden, but it needs to be done, and you have to have the courage and wisdom to see it through.
That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.
The hidden hand of the market will never work without a hidden fist.
Economics is haunted by more fallacies than any other study known to man
Some degree of inequality in income and wealth, of course, would occur even with completely equal opportunity because variations in effort, skill, and luck will produce variations in outcomes.
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
Those who advocate devaluation are calling for a reduction in the wage levels and the real wage standards of every member of the working class.
Subscribe for the occasional hand-picked quote. No noise.