Angus Deaton Quotes

… authors generally neglect that growth has lifted billions of people out of grinding poverty and that others may remain poor because of the developed world’s environmental concerns …

I believe that we will benefit more by globalisation.

Capitalism - for the record - has lifted more people out of poverty than any other economic system in the world.

We draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.

Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so.

I am convinced that all this poverty in Mexico and in Latin America, like it's happening in China is the opportunity to grow. It's an opportunity for investment; it's an economic activity and to take out poverty is the best investment any person or a person can do in any place.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

If you go back to 1800, everybody was poor. I mean everybody. The Industrial Revolution kicked in, and a lot of countries benefited, but by no means everyone.

If Jeff Bezos and I had started Amazon.com in a poverty-stricken corner of Africa, there would have been no job creation because there would be no people to buy the stuff from Amazon.com. The difference here is the American middle class, which is by every measure the most extraordinary economic achievement in the history of the world.

Global poverty is falling faster today than at any time in human history.

Globalization must be controlled.

The developing world is poor. It needs capital.

The globalization of the economy has lifted more people out of poverty than anything else in the history of the world.

Globalization is very difficult to understand and almost impossible to regulate.

Globalisation feels like a runaway train, out of control.

I believe that capitalism is the one thing in this world that's brought people out of poverty.

Thomas Friedman's 'The World is Flat' sold more copies in India than in the U.K. The market for go-getting business books or wonkish tomes by corporate moguls posing as philosopher kings has grown dramatically in modernising China and India.

It has been said that arguing against globalization is like arguing against the laws of gravity.

It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.

Globalization is a fact of economic life.

Developing nations want to become developed nations.

We are beginning to see the benefits of global consolidation.

My hope is that countries like Morocco will have investment to create work, so people don't have to leave.

My dad's main client was the World Bank, and he spent most of his time traveling to Third World countries. His particular interest lay in the eradication of poverty through development and business.

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.