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Home > Financial Quotes > Globalization

Financial Quotes

Globalization Quotes

  • "It is not too far-fetched to say that the “nice” era of non-inflationary growth in Western economies has been built, mainly, on Chinese labour; and that the structures of modern financial capitalism have depended on the continued cooperation and stability provided by the Chinese Communist party."
    Vince Cable (1943–), British politician
    Source: The Storm (2009)
  • "The recent turbulence in the international markets reminds us what happens when an event in one part of the world can touch us all in just a few weeks. There was a time when a small bank in America got in trouble it was bad news for that town, or state, but nowhere else. But today, when a Florida householder defaults on his mortgage, the effects are felt, not just in America but across the world, in France, Germany, the rest of Europe and here in Britain."
    Alistair Darling (1953–), British politician
    Source: Speech, University of Stirling, UK (November 8, 2007)
  • "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."
    Paul R. Krugman (1953–), US economist
    Source: The Great Unraveling: Losing Our Way in the New Century (2007)
  • "The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World."
    Paul R. Krugman (1953–), US economist
    Source: Remark made at the World Economic Forum (February 2002)
  • "These days Paris is a suburb of New York and vice-versa."
    Jean-Marie Messier (1956–), French businessman, former CEO and chairman of Vivendi Universal
    Source: Sunday Times (London) (September 2000)
  • "Sometimes, I'm more in the air than I am in a country."
    Raoul Pinnell (1951–), British former branding and marketing communications director of Shell
    Referring to the volume of business travel for a global marketing executive.
    Source: Marketing (June 2000)
  • "Investing is a business that never tires. You have to work with every known thing in the world—the weather in Asia, or politics in East Europe, or the scandal of an American president."
    Charles Brady (1935–), US investor
    Source: Sunday Times (London) (May 2000)
  • "Does it really make sense to operate on all continents?"
    Keiji Tachikawa (1939–), Japanese president of the Japan Aerospace Exploration Agency and former IT executive
    Source: Forbes (May 2000)
  • "It is better to underpromise and overdeliver than vice versa. For this one need not break the law of the land."
    Narayana Murthy (1946–), Indian cofounder of Infosys
    Source: “Employee Satisfaction Crucial to Success,” Hindu Business Line (2000)
  • "Globalisation has in effect made the citizen disappear, and it has reduced the state into being a mere instrument of global capital."
    Vandana Shiva (1952–), Indian philosopher and academic
    Source: Globalisation: Gandhi and Swadeshi (2000)
  • "Economic modernization … spawns indigenous types of capitalism that owe little to any western model."
    John Gray (1948–), British academic and writer
    Source: False Dawn (1998)
  • "Global democratic capitalism is as unrealizable a condition as worldwide communism."
    John Gray (1948–), British academic and writer
    Source: False Dawn (1998)
  • "The Death of Distance."
    Frances Cairncross (1944–), British journalist and author
    Book title. Referring to the effects of increasing globalization.
    Source: The Death of Distance (1997)
  • "All things start in California and spread to New Jersey, then to London and then throughout Europe."
    Sir Stelios Haji-Ioannou (1967–), Greek founder of easyJet and easyGroup
    Source: Wall Street Journal (December 1996)
  • "If the whole world operates as one big market, every employee will compete with every person in the world who is capable of doing the same job."
    Andrew S. Grove (1936–), Hungarian-born US entrepreneur, author, and former chairman of Intel Corporation
    Source: Fortune (September 1995)
  • "All you need is the best product in the world, the most efficient production in the world and global marketing."
    Akio Morita (19211999), Japanese business executive
    Source: Quoted in The Financial Times Handbook of Management (Stuart Crainer, ed, 1995)
  • "You can always buy something in English, you can't always sell something in English."
    Rosabeth Moss Kanter (1943–), US management theorist, academic, and writer
    Source: World Class (1995)
  • "Capital, technology, and ideas flow these days like quicksilver across national boundaries."
    Robert H. Waterman, Jr (1936–), US consultant and author
    Source: The Frontiers of Excellence (1994)
  • "We must not fall into the mistake of thinking that it is America that trades with Taiwan or Europe that trades with Asia. The truth is that it is American companies that trade with Taiwanese companies."
    Margaret, Baroness Thatcher (1925–), British former prime minister
    Source: Far Eastern Economic Review (September 2, 1993)
  • "Today's global economic dance is no Strauss waltz. It's break dancing accompanied by street rap."
    Tom Peters (1942–), US management consultant and author
    Source: Liberation Management (1992)
  • "The United States is just one part of a global marketplace today. There isn't any offshore anymore; it's all onshore."
    Walter Wriston (19192005), US banker
    Source: US News & World Report (1987)
  • "Think globally, act locally."
    Friends of the Earth, environmental campaign organization
    Source: Slogan (1985)
  • "The bigger the world economy, the more powerful its smallest player."
    John Naisbitt (1929?–), US business executive and author
    Source: Megatrends (1982)
  • "Nationalism is an infantile sickness. It is the measles of the human race."
    Albert Einstein (18791955), German-born US physicist
    Source: Quoted in The Human Side (Helen Dukas and Banesh Hoffmann, 1979)
  • "This going into Europe will not turn out to be the thrilling mutual exchange supposed. It is more like nine middle-aged couples with failing marriages meeting in a darkened bedroom in a Brussels hotel for a group grope."
    E. P. Thompson (19241993), British historian
    Source: Sunday Times (London) (April 1975)
  • "The new electronic interdependence recreates the world in the image of a global village."
    Marshall McLuhan (19111980), Canadian sociologist and author
    Source: The Gutenberg Galaxy (1962)
  • "Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains."
    Thomas Jefferson (17431826), US president
    Source: Letter to Horatio G. Spafford (March 17, 1814)
  • "No nation was ever ruined by trade."
    Benjamin Franklin (17061790), US politician, inventor, and journalist
    Source: Essays (1730s)

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