A Quote by Martin Sorrell
The challenges some European economies have are such that it makes it very difficult for them. You have to go where the growth is.
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I repeat that, in my opinion, the European Commission and the leading European economies are acting very pragmatically and are on the right path.
Growing economies are critical; we will never be able to end poverty unless economies are growing. We also need to find ways of growing economies so that the growth creates good jobs, especially for young people, especially for women, especially for the poorest who have been excluded from the economic system.
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.
If you look at national economies today, for example, the American economy, the European economy, the Indians, the Chinese, we're all tied together. If one of them sinks, the rest are going to sink with them and if one floats, the rest are lifted up. I find that very interesting.
A pickup in demand in many advanced economies and a stabilization in commodity prices should, in turn, boost the growth prospects of emerging market economies.
For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.
No matter how difficult something you or a loved one faces, it should not take over your life and be the center of all your interest. Challenges are growth experiences,temporary scenes to be played out on the background of a pleasant life. Don’t become so absorbed in a single event that you can’t think of anything else or care for yourself or for those who depend upon you. Remember, much like the mending of the body, the healing of some spiritual and emotional challenges takes time.
I find it very difficult to relate to India's new middle class. This very patriotic and neoliberal group that mixes religion and economics together. I find them very irksome. Very difficult to like. They are privileged, but they don't want to talk about their privilege. It's difficult to find poetry amongst these people. Some sort of hidden spirit of beauty.
The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies - not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract.
What made traditional economies so radically different and so very fundamentally dangerous to Western economies were the traditional principles of prosperity of Creation versus scarcity of resources, of sharing and distribution versus accumulation and greed, of kinship usage rights versus individual exclusive ownership rights, and of sustainability versus growth.
When things go wrong in our life and we encounter difficult situations, we tend to regard the situation itself as our problem, but in reality whatever problems we experience come from the side of the mind. If we were to respond to difficult situations with a positive or peaceful mind they would not be problems for us; indeed, we may even come to regard them as challenges or opportunities for growth and development. Problems arise only if we respond to difficulties with a negative state of mind. Therefore, if we want to be free from problems, we must transform our mind.
Some states are doing better than others. Some states naturally have stronger economies. So it's not as simple as saying, 'Let's go to $15.' If you do it wrong, you can hurt the very people you're trying to help.
I have criticized foreign policy, but that does not mean that we should agree with everything. Indeed, we criticize a lot of things, we think that our partners make many mistakes [may be we make mistakes too, no one is immune to making mistakes], but as for the economy, I repeat that, in my opinion, the European Commission and the leading European economies are acting very pragmatically and are on the right path.
Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.
There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
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