A Quote by Angus Deaton
Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.
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I mean, you hear the word 'globalization' over and over and over again. Globalization, globalization, globalization. Rarely has a word gone so directly from obscurity to meaninglessness without any intervening period of coherence.
I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.
We should keep on going along the path of globalization. Globalization is good... when trade stops, war comes.
Globalization is a complex issue, partly because economic globalization is only one part of it. Globalization is greater global closeness, and that is cultural, social, political, as well as economic.
Globalization - and I think we share this conviction - is that globalization needs to be shaped politically, it needs to be given a human face, but we cannot allow to fall back into plagued globalization times.
Globalization has become an ideology with no constraints. And now, nations are forcing themselves back into the debate. Nations with borders we control, with people that we listen to, with real economies, not Wall Street economies, but rather factories and farmers. And this goes against this unregulated globalization, wild, savage globalization.
We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.
While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor is really that they are not included in globalization. For them, the success of their own countries at becoming part of this international division of labor would be good news.
Most of the time the concept of globalization ends up sounding unnecessarily abstruse - even the name itself sounds clunky and highfalutin. And people discuss it in a way that makes it seem so impersonal. But globalization really is a concrete, fundamental fact in everybody's lives, and you really see that come to life in soccer stadiums.
If globalization is a sphere, where each point is equidistant from the centre, then it isn't good because it annuls each of us. But if globalization joins us as a polyhedron where we're all together but conserves the dignity of each ... that's good.
Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things worse for a very large number of people around the world who have benefitted - people in China and India who have been dragged out of the most awful poverty.
The benefits and consequences of globalization have a great deal to do with whether we're intelligent and thoughtful about how we approach globalization, or whether we're blindly accepting... or blindly resistant.
The 1 to 2 billion poorest in the world, who don't have food for the day, suffer from the worst disease: globalization deficiency. The way globalization is occurring could be much better, but the worst thing is not being part of it. For those people, we need to support good civil societies and governments.
In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.
If globalization seeks to bring all of us together, but to do so respecting each person, each individual person's peculiarity, that globalization is good and makes us good and grow and leads to peace.
I think globalization is a great thing. And now a lot of people complain about globalization; a lot of people don't like, you know, the globalize of the concept, the idea of the results. I think the globalization is a great idea and to create a lot of jobs.
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