Angus Deaton Quotes

I like globalization; I want to say it works, but it is hard to say that when six hundred million people are slipping backwards.

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.

Africa has no time to lose. The global economy is fast leaving our continent behind.

This globalization is lifting up hundreds of millions of people out of poverty. The Left needs to see that.

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.

Developing nations want to become developed nations.

China and India are feeding their people for the first time in human history due to free markets, and the Left knows that, and it gets them nervous.

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

It's great to see countries like China and India lifting hundreds of millions of people out of poverty by essentially copying Western ways of doing things.

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.

Openness has been vital to Asia's fast growth in the past and it will continue to be crucial for the area's further development.

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.

Science is inextricably linked to our economy. It has been for the last 50 years and it will be for the next 50 years.

All over the globe the U.S. is fighting to protect and develop at least a minority who consume what the U.S. majority can afford.

In our State the locomotive has waked up the sleeping energies of a great people, and is transforming wasted fields into blooming gardens, and arousing men and women from the dull and heavy sleep that dwells with satisfaction upon the past, into the bright intelligence that looks to a glorious future ….

I'm not happy exporting jobs but we must move ahead in technology and patents. I don't like losing any jobs but we'll see new opportunities created selling products there. We'll have a net increase in economic activity, just as we did with free trade. It's tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you're hopelessly left behind. Then you are Russia.

When governance improves, there will be less have-nots and more haves.

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

Venture for America operates in communities that could generally use more innovation: Detroit, New Orleans, Baltimore, and other U.S. cities. So I'm obviously a big believer in innovation and progress as key drivers of economic growth and prosperity.

We live in a world community, and economic contact has partly contributed to that. It’s also the case that economic opportunity opened up by economic contact has helped to a great extent to reduce poverty in many parts of the world.

We have made a huge amount of progress over the last 50 years by enabling trade, by enabling kind of collaboration and learning. And actually, in fact, when you look at your average 30-year-old today, they're much better off than a 30-year-old 20 years ago, 30 years ago, because of progress in technology and health care and all the rest of this.

Progress is not striving for economic justice or fairness, but economic growth.

Learning from the American experience, governments around the world have developed national innovation policies and programs to accelerate their economic prosperity and to help their citizens and companies compete globally.

The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.