A Quote by Angus Deaton

The first thing we need to understand when we think about globalization is that it has benefited an enormous number of people who are not part of the global elite.
Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.
I think there is an enormous sea change happening in the global workforce. It has a lot to do with globalization. I think that people used to have a hope for a career or meaningful employment, and its been reduced to internships, part-time work or just grossly underpaid work.
Globalization is a complex issue, partly because economic globalization is only one part of it. Globalization is greater global closeness, and that is cultural, social, political, as well as economic.
I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.
I think globalization is a great thing. And now a lot of people complain about globalization; a lot of people don't like, you know, the globalize of the concept, the idea of the results. I think the globalization is a great idea and to create a lot of jobs.
Great wealth could make an enormous difference over the next decade if they sensibly support the scientific elite. Just the elite. Because the elite makes most of the progress. You should worry about people who produce really novel inventions, not pedantic hacks.
The 1 to 2 billion poorest in the world, who don't have food for the day, suffer from the worst disease: globalization deficiency. The way globalization is occurring could be much better, but the worst thing is not being part of it. For those people, we need to support good civil societies and governments.
In general, I think what Donald Trump's message is, is: I'm a very practical, execution-oriented entrepreneur who built a successful business. I've demonstrated an ability to go global with my business. I can get along with a lot of different people. There are certain problems in the United States right now born from faulty policy. So what is happening right now is the lower and middle class are being left behind by the globalization and by the global elite. I think that's basically his message, and Bernie Sanders' is similar.
I think the first thing that goes through my mind, when I think about corporate tax, is that we need to think about where we set the rate on a global basis, and make sure that the U.S. is competitive.
The phrase "global citizen" always gets tossed around with my work, and part of it is that, clearly, talking about being a global citizen is the only way we can talk about participating in globalization without feeling like assholes.
The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what returns is what existed prior to the dollar standard, and that is a global gold standard, which is the only thing that really works.
Economic globalization creates wealth, but only for the elite who benefit from the surge of consolidations, mergers, global scale technology, and financial activity.
I think because we're such a trading nation, I think Canadians understand that first and foremost we're part of the global economy.
People who write about issues like poverty or terrorism are a part of the elite, and the distance between the elite and nonelite is growing very fast. You can move around the world but meet only people who speak your language, who share the same ideas, the same beliefs, and in doing so you can lose sight of the fact that the vast majority of the world does not think or believe in or speak the everyday discourse of the elite.
[Globalization] has enriched the world scientifically and culturally and benefited many people economically as well.
We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.
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