A Quote by Jose Angel Gurria

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.

Jose Angel Gurria

Quote Topics

Achieved Basis Better Bleak Cannot Complementary Country Development Economic Economic Development Economy Financial Fits Global Globally Interdependent Investment Long Long-Term May Model One-Size-Fits-All Outlook Regulations Remain Size Standards System Term Will Without World World Economy

Quote Author

Jose Angel Gurria
Mexican - Economist
Born: May 8, 1950

The rest of the world needs the U.S. economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

Timothy Geithner

The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

Timothy Geithner

You cannot ask which system is the better because you cannot standardize one system for the whole of the world. You cannot have one stereotyped code of morality for every country. One system may work very well in one country and very badly in another. You cannot grow a tropical flower in a cold climate.

Jiddu Krishnamurti

The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

Carroll Quigley

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

John Naisbitt

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

James P. Gorman

I want to remind you of one thing, which is, when I look around the world and look at the long-term economic fundamentals we have in this country, I think they compare favorably with what I see in any major developed country in the world.

Henry Paulson

Only by transforming our own economy to one of peace can we make possible economic democracy in the Third World or our own country. The present economy generates wars to protect its profits and its short-term interests, while squandering the future. Unless we transform the economy, we cannot end war.

Starhawk

What Asia's postwar economic miracle demonstrates is that capitalism is a path toward economic development that is potentially available to all countries. No underdeveloped country in the Third World is disadvantaged simply because it began the growth process later than Europe, nor are the established industrial powers capable of blocking the development of a latecomer, provided that country plays by the rules of economic liberalism.

Francis Fukuyama

One-sided national economic triumphs cannot be achieved in the increasingly interwoven global economy without precipitating calamitous consequences for everyone.

Zbigniew Brzezinski

China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.

Hu Jintao

Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.

Richard Karn

We're so interdependent, and what one country does is such an important part of what happens in the global economy.

Alan Mulally

As a city powered by our country's knowledge economy, Toronto will continue to benefit from developing, attracting and retaining the world's most promising young researchers at the University of Toronto. Our government will continue to invest in research awards that lead to long-term social and economic benefits for Canadians.