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Economic Quotes

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Economic Quotes

“The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.”

World Country Economy Economic Fields Globalization World Economy Economic Globalization

Author:Richard Grasso

“The raw fact is that every successful example of economic development this past century every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living has taken place via globalization, that is, by producing for the world market rather than trying for self-sufficiency.”

“Corporations now govern society, perhaps more than governments themselves do; yet ironically, it is their very power, much of which they have gained through economic globalization, that makes them vulnerable.”

Government Economic Vulnerable Corporations Globalization Economic Globalization

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“Economic globalization creates wealth, but only for the elite who benefit from the surge of consolidations, mergers, global scale technology, and financial activity.”

Wealth Technology Economic Activity Benefits Financial Scales Elites Globalization Mergers Consolidation Economic Globalization

Book:Take it personally: how to make conscious choices to change the world

Source: Take it personally: how to make conscious choices to change the world

“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.”

Wells Political Social Issues Greater Economic Complexes Globalization Closeness Economic Globalization

Author:Amartya Sen

“I'm generally in favor of economic globalization. Having said that, it doesnt always work and does not immediately work in the interest of all. There are sufferers.”

Doe Said Interest Economic Favors Globalization Sufferers Economic Globalization

Author:Amartya Sen

“Much of the criticism of economic globalization has centered on factory labor abuses. But the majority of the world's poor are not employed in factories; they are self-employed - as peasant farmers, rural peddlers, urban hawkers, and small producers, usually involved in agriculture and small trade in the world's vast "informal" economy .”

Source: How to Change the World: Social Entrepreneurs and the Power of New Ideas, Updated Edition