A Quote by Joseph Stiglitz

President Trump sees the world in transactional and zero-sum terms - if something is good for China, it must be bad for the U.S. By contrast, economists see the world in much more nuanced ways: if globalization is well-managed, it can be a positive-sum game, where both the U.S. and China gain; if it is badly managed, it can be negative-sum.

Joseph Stiglitz

Quote Topics

Bad Badly Both China Contrast Economists Gain Game Globalization Good More Much Must Negative Positive President President Trump See Sees Something Sum Terms Trump Ways Well World Zero Zero-Sum

Quote Author

Joseph Stiglitz
American - Economist
Born: February 9, 1943

Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.

Joseph Stiglitz

It doesn't matter to me who's the most powerful or profitable country in the world. All countries want to be prosperous. What's happening is a zero-sum game between China and the U.S., where their gain is our loss.

Peter Navarro

Much of our national debate proceeds as if China and America were locked in a zero-sum game in which one's loss is precisely the other's gain.

Eric Liu

A lot of people, including business leaders, think the future belongs to China. Globalization is not a zero-sum game, but we need to hone our skills to stay in play.

Jon Meacham

As we think of power in the 21st century, we want to get away from the idea that power’s always zero sum — my gain is your loss and vice versa. Power can also be positive sum, where your gain can be my gain.

Joseph Nye

As we think of power in the 21st century, we want to get away from the idea that power's always zero sum - my gain is your loss and vice versa. Power can also be positive sum, where your gain can be my gain.

Joseph Nye

The United States must not see China or Russia through a zero-sum prism.

Antony Blinken

American leadership looks to the world and just as Lincoln did sees the family of man. Humanity is not a zero-sum game.

Jeff Flake

We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to everyone's mutual advantage.

Howard Raiffa

Notable enough, however, are the controversies over the series 1 - 1 + 1 - 1 + 1 - ... whose sum was given by Leibniz as 1/2, although others disagree. ... Understanding of this question is to be sought in the word "sum"; this idea, if thus conceived - namely, the sum of a series is said to be that quantity to which it is brought closer as more terms of the series are taken - has relevance only for convergent series, and we should in general give up the idea of sum for divergent series.

Leonhard Euler

One problem with politics is that it is a zero sum game, i.e. politicians argue how to cut the pie smaller and smaller, by reshuffling pieces of the pie. I think this is destructive. Instead, we should be creating a bigger pie, i.e. funding the science that is the source of all our prosperity. Science is not a zero sum game.

Michio Kaku

Globalization is a bottom-up phenomenon with all actions initiated by milions of individuals, the sum total of which is globalization. No one is in charge, and no one can anticipate what the sum of all the individual initiatives will be before the result manifest. A global economy can only be the result of spontaneous order.

John Naisbitt

The discussion of derivatives in the political world has become a zero sum game.

Jim Himes

On the political front, of course it's a zero-sum game. If it's all white males holding positions, you bring 10 women in, then it's, 'Women are coming!' Get 10 blacks and it's, 'Blacks are coming!' 'Hispanics are coming!' Zero-sum game. The seatmates might change but the chairs don't move. In the economy, the number of chairs can actually increase.