Best quotes by Angus Deaton on Globalization
Checkout quotes by Angus Deaton on Globalization
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‟ Although globalization and technological change have disrupted traditional work arrangements, both processes have the potential to benefit everyone. The fact that they have not suggests that the wealthy have captured the benefits for themselves.
- Angus Deaton
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‟ The first thing we need to understand when we think about globalization is that it has benefited an enormous number of people who are not part of the global elite.
- Angus Deaton
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‟ Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive.
- Angus Deaton
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‟ The call to rein in globalization reflects a belief that it has eliminated jobs in the West, sending them East and South. But the biggest threat to traditional jobs is not Chinese or Mexican; it is a robot.
- Angus Deaton
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‟ 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.
- Angus Deaton
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‟ The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.
- Angus Deaton
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‟ Like many in academia and in the development industry, I am among globalization's greatest beneficiaries - those who are able to sell our services in markets that are larger and richer than our parents could have dreamed of.
- Angus Deaton
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‟ 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.
- Angus Deaton