"More broadly, I think that the -- if you look at some of the most successful countries in the world, they’re actually pretty small countries -- like Singapore, for example -- that on paper look like they have no assets, and yet, if you go to Singapore, it has one of the highest standards of living in the world. What is it that Singapore did that might be replicable? Well, one of the most important things they did was they made an enormous investment in their people. And if you’ve got a highly skilled, highly educated workforce, if you’ve set up rules of law and governance that are transparent and non-corrupt, then you can attract actually a lot of service industries to supplement the tourist industry, because people would want to locate in your country. You could envision people wanting to operate and have offices there where you’ve got a trained workforce. And these days, so many businesses are operating over the Internet that if you’ve got a really skilled workforce that provides value added, you will attract companies and you’ll attract businesses."
React to this quote
More by Barack Obama
See allResonant Thoughts
"You make your appeal in Piccadilly, London, amongst those who are wallowing in luxuries, proceeding from the labour of the people. You should have gone to the gravel-pits, and made your appeal to the …"
Explore Further
Related Quotes
"The purpose of arts education is not to produce more artists, though that is a byproduct. The real purpose …"
— Dana Gioia"The concept of “mental health” in our society is defined largely by the extent to which an individual behav…"
— Theodore Kaczynski"The reporting of depression is often associated with the dependency of women on men. But it is dependency o…"
— Warren Farrell"Self-belief does not necessarily ensure success, but self-disbelief assuredly spawns failure."
— Albert Bandura"The theater chose me. As I said, I started with poetry, and I also wrote criticism and dialogue. But I real…"
— Eugène Ionesco"Wizards was about the creation of the state of Israel and the Holocaust, about the Jews looking for a homel…"
— Ralph Bakshi