Mohamed El-Erian Quotes

China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy.

The United States is going to be a rich country, it is going to be prosperous, but it is not going to be able to take the lead in the next phase of global economic development.

Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian.

Emerging markets are hugely important.

America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.

China, with its large emerging middle class, is among the big beneficiaries of globalization.

We all have to think about the emerging markets.

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.

Shaping the future is what drives me. Since I left politics, I'm very much interested in emerging markets.

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.

President Obama and I recognize the importance of strong economic engagement for the continued growth of both the Philippines and the United States.

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.

Booming cities, and the provinces and states in which they are located, are driving forces in economic growth today. Consequently, they constitute the new frontier in America's international economic policy.

Our society is intertwined with the economy that we've built, which is a fantastically complex system. I hope that my writing about it might do some good, but that's not why I do it.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

And so in terms of territorial control, in terms of economic preeminence, the western share of the gross world product is declining as Asian societies in particular develop economically.

As all Americans head forward into the new reality globalization has created, they want leaders who will level with them and help level the playing field.

In short, industrialism is over.

The major economies are not American anymore. They are Asian and South American.

China should be another United States from an economic standpoint. Beijing should be another Silicon Valley.

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.

A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arrangements from expanded property rights to company law and financial institutions.

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

We may believe in the state's responsibility to alleviate the crushing poverty that afflicts 40 percent of Latin America's population, but most of us also affirm that there is no better cure for that poverty than a stronger, more globally integrated economy.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.