A Quote by Jose Angel Gurria
If we can rid the world of financial centres that thrive on lack of transparency, non-cooperation, and weak regulation, an important step towards a fairer and cleaner world economy will have been achieved.
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If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of globalisation, such as tax havens.
Geographically, the global economy is now multi-polar , as new centres of production have emerged in parts of what had been, historically, the periphery of the world economy. The world is now more accurately described as a 'mosaic of unevenness in a continual state of flux'.
In a globally interdependent world, a better financial and investment system cannot be achieved on a country-by-country basis. There may be no one-size-fits-all model for economic development, but without global standards and complementary regulations, the long-term outlook for the world economy will remain bleak.
The math you need for most of finance is ninth-grade algebra, and most people feel reasonably comfortable with that. But I think the financial world there has been - I don't know if it's by design, or this is how it's evolved - there are bad actors who have wanted to obfuscate because you can benefit from the lack of transparency.
What we lack is a good, strong business climate with lower taxes, fairer regulation.
Many people in the world believe that in the 21st century, the Asia-Pacific - Asia in particular - will play a more important role in global economy and politics and that Asia will become an important engine for the world economy.
Mexico now has the 13th largest economy in the world. The Organization for Economic Cooperation and Development predicts it will have a larger economy than Germany by 2042.
Our economy will not prosper as long as it is monopolised (by the government). The economy must be rid of monopoly and see competition, it must be freed of insider speculation, be transparent, all people must be aware of the statistics. If we can bring transparency to our economy, we can fight corruption.
Cooperation is more important than reunification. If reunification is achieved without cooperation, it will be meaningless.
If we suppose a sufficient righteousness and intelligence in men to produce presently, from the tremendous lessons of history, an effective will for a world peace - that is to say, an effective will for a world law under a world government - for in no other fashion is a secure world peace conceivable - in what manner may we expect things to move towards this end? . . . It is an educational task, and its very essence is to bring to the minds of all men everywhere, as a necessary basis for world cooperation, a new telling and interpretation, a common interpretation, of history.
We now know that climate action does not require economic sacrifice. This is fully in line with the World Bank Group's findings. It is up to all of us to make smart policy choices that will help combat climate change. For example, putting a price on carbon is a necessary step and could drive resources and investments to a cleaner economy.
Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
Once the cry and the cause of a generation of progressives to make America safer, fairer and cleaner, 'regulation' is now a dirty word in our politics. Even Democrats are quick to talk about cutting regulations; Republicans hate them with - how to put it? - evangelical fervor.
The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
When the Kyoto Protocol enters into the force tomorrow, the world will take a significant and long-awaited first step towards stemming global warming. Instead of stepping forward as the world leader on climate change, however, the Bush Administration is clinging to the role of world obstructionist.
Financial literacy is not an end in itself, but a step-by-step process. It begins in childhood and continues throughout a person's life all the way to retirement. Instilling the financial-literacy message in children is especially important, because they will carry it for the rest of their lives. The results of the survey are very encouraging, and we want to do our part to make sure all children develop and strengthen their financial-literacy skills.
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