Angus Deaton Quotes

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.

Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.

One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.

Unfair trade deals like the North American Free Trade Agreement eviscerated good-paying manufacturing jobs, putting more than 3 million U.S. workers out of work.

Globalization has benefited middle-income less than either richer or poorer countries.

Although globalization is inexorable, its benefits are not.

We see a small number of countries getting rich at the cost of impoverishment of a large number of other countries.

Wild globalization has helped some people much, but has hurt most.

Wild globalisation has benefited some, but it's been a catastrophe for most.

It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does.

Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increase in real incomes, stagnant median wages and so on, that on the other hand global inequality is going down because people who are much poorer than them are getting richer - it's something that maybe they would like in an abstract sense, because everyone is happy there are fewer poor Chinese, but you may not be as happy if these Chinese are taking your job.

I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization.

That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.

The world is richer than ever, and the gaps between rich and poor are wider.

Global interdependence today means that economic disasters in developing countries could create a backlash on developed countries.

The Bush Administration and the Congress have to stop ignoring this crisis in international trade. The longer we ignore it, the more American jobs will move overseas. It's just that simple.

If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.

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.

Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.

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

It is clear that the economy has not gotten better for everyone.

In the field of economy, for instance, we … members of the developing world follow the currents of globalization, with conditions set by the rich countries, and at a speed dictated without our slightest input.

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.

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

Globalization has down sides because it leaves so many people behind.