Quotes About Globalization

It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.

Free trade economists have to explain how free trade can be an explanation for the economic success of today's rich countries, when it simply had not been practised very much before they became rich.

Sometimes the foreign direct investor may even actively destroy the existing productive capabilities of the company bought by engaging in 'asset stripping'. For example, when the Spanish airline Iberia bought some Latin American airlines in the 1990s, it swapped its own old planes for the new ones owned by the Latin American airlines, eventually driving some of the latter into bankruptcy due to a poor service record and high maintenance costs.

the chance of an average developing-country person being an entrepreneur is more than twice that for a developed-country person (30 per cent vs. 12.8 per cent).

Economics is (almost) about Life, the Universe and Everything.

E. REINERT How Rich Countries Became Rich, and Why Poor Countries Stay Poor

In the long run, free trade is a policy that is likely to condemn developing countries to specialize in sectors that offer low productivity growth and thus low growth in living standards.

Our story of bus drivers reveals the existence of the proverbial elephant in the room. It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.

American time has stretched around the world. It has become the dominant tempo of modern history, especially of the history of Europe.

We have failed to grasp the fact that mankind is becoming a single unit, and that for a unit to fight against itself is suicide.

we could say that, since this reaction is a matter of degree, your worldview is modern insofar as experiencing other cultures in your own backyard gives you vertigo.

Even natural wonders aren't what they used to be, because nothing can be experienced without commentary. In the 1950s, we worried about how TV would affect our culture. Now our entire lives are a terrible talk show that we can't turn off. It often feels like we're struggling to find ourselves and each other in a crowded, noisy room. We are plagued, around the clock, by the shouting and confusion and fake intimacy of the global community, mid-nervous breakdown.

Math is "maths," an elevator is a "lift," a truck is a "lorry," a flashlight is a "torch," and "crisps" are what they call potato chips, while "chips" over here means French fries. Just as riding the double-decker buses thrills me, I get a thrill out of hearing people talk.

Today, if you travel the world, everything is the same. If you stay in one spot for a year, however, practically all the women change their hats. We have exchanged the tyranny of place for the tyranny of time.

John Stuart Mill in 1848: "It is commerce which is rapidly rendering war obsolete, by strengthening and multiplying the personal interests which act in natural opposition to it.

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

Coding gives people the ability to change the world and from my perspective, it's the most important second language and the only language that is global

enjoy such quintessentially Chinese experiences as the Madame Tussauds wax museum, Kentucky Fried Chicken, and Sunglass Hut.

If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.

It was the first time I had left Singapore to go overseas. I was being exposed to a new world of the hates and loves, the prejudices and biases of different peoples

The globalisation of food (or production of any commodity) is not the enemy per se, although it could and should certainly be more rationally planned.

If it were necessary to give the briefest possible definition of imperialism we should have to say that imperialism is the monopoly stage of capitalism.

China is now expected to surpass Japan as the 2nd richest country in the world. They could become the richest, but that's only if we pay them the money we owe them, and that's not going to happen.

Should global energy prices rise enough, then higher shipping costs will curtail or slow the globalization of production. The consequences of such a slowdown would be global and serious.