A Quote by Raghuram Rajan
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be.
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Properly speaking, global thinking is not possible... Look at one of those photographs of half the earth taken from outer space, and see if you recognize your neighborhood. The right local questions and answers will be the right global ones. The Amish question, what will this do to our community? tends toward the right answer for the world.
The change in economic values created by the new markets for global public goods will reorient our global economy and under the right conditions can usher the satisfaction of basic needs of the present and of the future. This is what is needed right now.
The diminishing economic role of the United States in the global economy means that global political power will also become more dispersed. The world will become multipolar. By clumsily re-asserting a wish for U.S. dominance, Donald Trump is accelerating the opposite.
Important as economic unification is for the recovery of Germany and of Europe, the German people must recognize that the basic cause of their suffering and distress is the war which the Nazi dictatorship brought upon the world.
It is just as proper, maybe even more so, to say Christ's global cause has a Church as to say Christ's Church has a global cause.
Black leadership has to recognize that principles more than speech, character more than a claim, is greater in advancing the cause of our liberation than what has transpired thus far.
Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what. Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful.
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
Global markets must be balanced by global values such as respect for human rights and international law, democracy, security and sustainable economic and environmental development.
Our approach [to global security] has changed by the way we've elevated development. The biggest lesson is to recognize global responsibility.
This is not a contest between persons. The humblest citizen in all the land, when clad in the armor of a righteous cause, is stronger than all the hosts of error. I come to you in defense of a cause as holy as the cause of liberty - the cause of humanity.
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
No first step can be really great; it must of necessity possess more of prophecy than of achievement; nevertheless it is by the first step that a man marks the value, not only of his cause, but of himself.
Climate change is a crucial issue in todays global agenda. Hopefully, we will wake up to this reality, sooner rather than later. Pressure has been mounting on European Union Member States to act decisively to fight global warming. A bold target has been set reducing carbon dioxide emissions by 20 by 2020.
Tell the truth about your wound, and then you will get a truthful picture of the remedy to apply to it. Don't pack whatever is easiest or most available into the emptiness. Hold out for the right medicine. You will recognize it because it makes your life stronger rather than weaker.
Rogue states never turn out to be quite the pariahs they are deemed. They are only able to cause, or at least threaten to cause, mayhem because they enjoy the covert support - usually by means of technology transfers - of one or more major powers within the charmed circle of global 'good guys'.
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