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If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability _ economic, political and social.

Besides being a prime cause of poor economic growth, poor governance breeds corruption, which cripples investment, wastes resources, and diminishes confidence.

A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.

Compared to developed countries, or even to some major emerging countries, burdened by aging populations, financial crises, widening budget deficits, faltering faith in politics and growing social demands, Africa has become the world's last 'New Frontier:' a kind of 'it-continent.'

The Philadelphia region does have capital, but there's no concentration of it.

There is a fundamentalist belief by capitalists that capital will save the world, and it just isn't so.

Without investment there will not be growth, and without growth there will not be employment.

Moreover, there is an unearned increment on capital and on labor, due to the presence, around the capitalist and the laborer, of a great, industrious, and prosperous society.

No country can really develop unless its citizens are educated.

As President Bush has said on numerous occasions, it is the government's role to create the conditions, the friendly environment, that will attract capital.