Atal Bihari Vajpayee Quotes

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.

When the developed grow fast, the developing grow fast, and when the developed slow down, the developing slow down.

Globalization has benefited middle-income less than either richer or poorer countries.

One of the many economic differences between developed and developing countries is that developed countries subsidize farmers while developing countries tax farmers.

If China sets the rules for much of the world's economy, America will feel the consequences in our pocketbooks as well as in our security.

Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.

Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one.

While a handful of countries and a small number of people are leading ample life, dozens of countries and billions of people in Africa, Asia and Latin America are being left in absolute poverty.

People are beginning to understand there is nothing in the world so remote that it can't impact you as a person. It's not just diseases. Economists are now beginning to say if we are going to have good markets in Africa, we're going to have to have healthy people in Africa.

While the technology revolution has yet to reach far into the households of those in developing countries, this is certainly another area where more developed countries can assist those in the less developed world.

The differences in income between the poor world and the rich world are so great that people have to be interested.

The West has become the world model; developing countries are dreaming of living like us, which is impossible. They should reject our model, because it is not sustainable. Developing countries should even give us the example, but unfortunately that's not what happens.

Let us not be defeated by the tyranny of the world financial markets that threaten peace and democracy everywhere.

I mean, Iceland is Iceland. It can't do damage to anybody unless you're Icelandic. But the United States can drag down the entire western economy. And I think what we are seeing is simply a reflection of reality. This is not, I'm sorry, but this is not a AAA nation.

The developing countries must be able to take a more active part in trade negotiations, through technical assistance and support from the developed countries.

The world before 1914 was already a world in which the welfare of each individual nation was inextricably bound up with the prosperity of the whole community of nations.

If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.

We can pretend that China is not there. But China is there, and unless we put our economy on the right track, it is going to overwhelm us completely.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

If you consider that a typical Central American consumer earns only a small fraction of an average American worker's wages, it becomes clear that CAFTA's true goal is not to the increase U.S. exports.

We no longer live in a world that is neatly divided between rich and well-educated countries, and poor and badly-educated ones.

If you're totally illiterate and living on one dollar a day, the benefits of globalization never come to you.

One of the biggest challenges facing the globe is the gap that exists in the wealth and standards of living enjoyed by the world's nations.