Michael Spence Quotes

Globalization

Globalization is a fact of economic life.

People now realize that globalization is not only for the multi-nationals and the circulation of money.

Globalization has produced a new of level of interdependence among us. The economy and multinational supply chains do not abide by political boundaries. A computer ordered in Brazil is designed in California and assembled in several other countries. Economic integration was the first strong evidence of a new era.

The political boundaries of nation-states are too narrow and constricted to define the scope and activities of modern business.

We cannot turn back the tides of globalization any more than King Knute [995-1035] could turn back the tides.

Globilization is here to stay.

Globalization today is a globalization of markets, not a globalization of democracy.

I think globalization is a great thing. And now a lot of people complain about globalization; a lot of people don't like, you know, the globalize of the concept, the idea of the results. I think the globalization is a great idea and to create a lot of jobs.

Globalization is simply opening the free marketplace to encompass the entire world.

Globalization can be a great opportunity.

The regime of globalization promotes an unfettered marketplace as the dynamic instrument organizing international relations.

In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.

The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.

We have benefited greatly from the globalization of the economy in the last 30 years.

During the boom years of the 1990s, globalization emerged as the most significant development in our national life. With NAFTA and the Internet and big-box stores selling cheap goods from China, the line between national and international began to blur.

Globalization is a great thing, but it needs a legal framework in which to blossom.

We talk about globalization today as if it's some great big new thing, that we've all just discovered. But there's really nothing new about it.

Globalization must be controlled.

Globalization is the central reality of our time.

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

Globalization is the speed of light.

Globalization punctures borders.

We’re not at the endpoint of globalization but somewhere near the starting line.

New Zealand obviously is fully integrated into the global economy.