A Quote by Klaus Schwab
The trends that are shaping the twenty-first-century world embody both promise and peril. Globalization, for example, has lifted hundreds of millions of people out of poverty while contributing to social fragmentation and a massive increase in inequality, not to mention serious environmental damage.
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This globalization is lifting up hundreds of millions of people out of poverty. The Left needs to see that.
Stark inequality, poverty, and unemployment are driving increased social unrest and, consequently, social and economic risk. Environmental deterioration may well intensify social inequality.
Hundreds of millions of people around the world have been lifted out of poverty with the creation of robust middle classes in India and China, which is an enormously positive development for those countries that also creates opportunities for the rest of the world.
I think the twenty-first century happened, basically. That this century started on 9/11. And basically, it's been a century of counter reaction to globalization and the meritocracy. And a good century for 72 nations have gotten more authoritarian. We've had Brexit. We have Le Pen rising in France. We've just got a lot of these types all around the world. And the people who are suffering from globalization and the meritocracy are saying, "No more. You know, we get a voice too."
I believe very strongly that corporations could and should be a major force for resolving social and environmental concerns in the twenty-first century.
There have always been two theories about inequality. One is that it reflects just deserts. The other is that there are large elements of exploitation and inequality of opportunities. The evidence is overwhelmingly that the increase in inequality is associated with those negative factors. If it were all social contribution, then when the top did better, they would be contributing to everybody's well-being. That trickle-down hasn't happened. We've seen median income, people in the middle, actually worse off than they were 25 years ago.
Between 2001 and 2011, Brazil lifted 20 million people out of poverty and into its growing middle class, and in the last quarter of the twentieth century Botswana's gross domestic product per capita grew faster than that of any other country on the planet. The once-labeled 'Third World' is edging its way into the 'First World.'
And while we stand with conviction and courage, we must live with compassion. Amid a world with massive social needs around us, ranging from desperate poverty and orphan crises and millions of girls being trafficked for sex, to the degradation of marriage and the abortion of babies, we need to speak and act with selfless love on all of these issues.
We draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.
We are here because we share a fundamental belief: that poverty, illiteracy, disease and inequality do not belong in the twenty-first century. We share a common purpose: to eradicate these ills for the benefit of all. And we share a common tool to achieve this: the Millennium Development Goals.
Grave security concerns can arise as a result of demographic trends, chronic poverty, economic inequality, environmental degradation, pandemic diseases, organized crime, repressive governance and other developments no state can control alone. Arms can't address such concerns.
Most of us still believe in the intrinsic value of nature, but I think the first century of the environmental/conservation movement demonstrated pretty clearly that this value cannot compel a civilization-wide shift toward sustainable behavior and enterprise when stacked up against the urgent economic and social needs of 7 billion people, most of whom are struggling to get out of poverty.
There can be no peace as long as there is grinding poverty, social injustice, inequality, oppression, environmental degradation, and as long as the weak and small continue to be trodden by the mighty and powerful.
For all the obsession in Washington and in college faculty lounges over income inequality, why isn't there more outrage over government policies that exacerbate the problem? There are hundreds of programs that make the poor poorer and increase poverty in America.
China is a country, still, of great contrast. While hundreds of millions of people are part of the middle class and yearn for things made in America - American brands, movies, music - there are other hundreds of millions of people throughout China who are living on the equivalent of one U.S. dollar a day.
It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does.
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