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Quote by Christine Lagarde

“Those negatively affected by globalization, those who are losing their jobs, and losing their skills, people out of training, must be looked after. Governments must establish policies, and governments and companies must actually address that issue, so that those who lose out from globalization can be retrained, recycled, re-established, cared for.”

Quote by Christine Lagarde

Author

Christine Lagarde

Christine Lagarde, born on January 1, 1956, is an accomplished lawyer with a significant impact in the field of international finance. She served as the Minister of Finance for France and became the first female Managing Director of the International Monetary Fund (IMF) in 2011. more

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“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.”

People Ifs World Years Mind Looks Has Beens Matter Numbers Poverty Millions Taken Happened Six Benefits Draws Moved Rate Around The World Granted Chinese Cents Globalization Mind Boggling

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“It so happens that because all the economies are strongly inter-connected and aggregated, there is trade that is happening not just from China to the rest of the world, but from the rest of the world to China as well, and that is going to continue.”

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“When in one area of the world the standard of living and the size of the middle class increases, it is going to have an effect elsewhere in the world as well.”

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“Consumption has massively benefited from globalization.”

Consumption Globalization

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“People can buy the kind of things they consider as normal and take for granted because of globalization and trade and use of supply chains and the reduction of the cost base of the manufacturing of some products.”

People Kind Use Products Cost Normal Trade Chains Granted Globalization Manufacturing Reduction Supply Chain

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“We would not be enjoying those cellphones and those tablets at the price where they are had it not been for globalization, both in terms of trade and in terms of constant technological innovation.”

Enjoy Term Innovation Trade Constant Technological Globalization Tablets Cellphone

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“Improved productivity is another direct benefit of globalization.”

Benefits Direct Productivity Globalization

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“Of course, trade agreements can be beneficial, but of course they need to avoid infringing on certain areas and respect diversity.”

Needs Certain Courses Diversity Areas Trade Agreement Beneficial Trade Agreements

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“There are goods that are outside trade and in the public domain and that should be reserved and protected.”

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“The difficulty that negotiators have is often based on the cultural difference that various countries have.”

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