A Quote by Mohamed El-Erian
America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.
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The economic borderlines of our world will not be drawn between countries, but around Economic Domains. Along the twin paths of globalization and decentralization, the economic pieces of the future are being assembled in a new way. Not what is produced by a country or in a country will be of importance, but the production within global Economic Domains, measured as Gross Domain Products. The global market demands a global sharing of talent. The consequence is Mass Customization of Talent and education as the number one economic priority for all countries
The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.
I still don't understand why you don't mention the family charitable foundation, the Clinton Global Initiative. The Clinton Global Initiative is actually like a Morning Call for women all over the world. When the Clinton Global Initiative comes, that's a signal to women all over the world to come to New York.
So the need for another economic model is urgent, and if the climate justice movement can show that responding to climate change is the best chance for a more just economic system.
E-governance is easy governance, effective governance, and also economic governance. E-governance paves the way for good governance.
Cuba is a poor country. Most of the Cubans who leave only do so if they can find better economic conditions elsewhere. That's why we need changes. We have to offer incentives to keep people here. We have to create more attractive policies for young people, so that it also makes economic sense for them to stay. We need growth and a better quality of life for everyone.
Innovation, I believe, is the only way that America will regain the initiative in a global dynamic economy.
Competitive skills are desperately needed by poor children in America, and realistic recognition of the economic roles that they may someday have an opportunity to fill is obviously important, too. But there is more to life, and there ought to be much more to childhood, than readiness for economic functions.
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 fact that we're going through a crisis is an opportunity for Europe to be more coordinated and more integrated. We're actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe.
The cornerstones of this country's operation are economic and political strength and power. The black man doesn't have the economic strength - and it will take time for him to build it. But right now the American black man has the political strength and power to change his destiny overnight.
The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.
I believe that international support through critical funds, together with the determination of my compatriots, Malawi can be a model country for meeting global health targets and get on with the business of African-driven global economic growth.
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
We are not here in this world to find elegant solutions, pregnant with initiative, or to serve the ways and modes of profitable progress. No, we are here to provide for all those who are weaker and hungrier, more battered and crippled than ourselves. That is our only certain good and great purpose on earth, and if you ask me about those insoluble economic problems that may arise if the top is deprived of their initiative, I would answer 'To hell with them.' The top is greedy and mean and will always find a way to take care of themselves. They always do.
Right now, there's the illusion of order and civilization, but there's a tremendous amount of economic tension in this country and the educational system is constantly eroding.
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