James Packer Quotes

China, with its large emerging middle class, is among the big beneficiaries of globalization.

If India is an emerging economy with millions of new consumers, sell them the Volvo. Sell them the Cielo car. Sell them whatever you can, hamburgers and KFCs. It’s the middle classes who have moved into being able to own a car, a refrigerator. For them there is this mantra that the General Electric refrigerator is better than some other model, that the Cielo car is fancier than the Ambassador.

Much of what we consider the American way of life is rooted in the period of remarkably broad, shared economic growth, from around 1900 to about 1978.

Between 2001 and 2011, Brazil lifted 20 million people out of poverty and into its growing middle class, and in the last quarter of the twentieth century Botswana's gross domestic product per capita grew faster than that of any other country on the planet. The once-labeled 'Third World' is edging its way into the 'First World.'

The explosive growth in places like Shanghai has helped lift hundreds of millions of people out of poverty and into a thriving new middle class. What China has done is nothing short of an economic transformation, and the citizens of this country have every right to be proud.

People see fashion as superficial and shallow, but it's actually not. As an industry, it can really change how things happen and change trade for countries that really need it.

Thinking ahead, what really happens to us will depend on how many people we have who are of the great and sober and dynamic middle-class - the strivers, the planners, the ambitious ones.

I think it's hypocritical to complain about the rise of China. For 50 years, we were telling everybody in the world that the big threat was Communism, so now the countries that were Communists are now rampant capitalists - and they're doing very well, in some ways much better than the UK. Well, we asked for it. We told them that's what you have to do, and they're doing it, buying up your biggest hotels in New York. You have to laugh.

We have broken the shackles of conservative socialism. The growing middle classes want the kind of standard of living you enjoy in the West. So what I'm selling is a lifestyle.

Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.

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.

In the 21st century, we face new and more intense global competition, spanning the ambitious and industrious economies from Latin America to Asia. To meet the challenge, Britain must rediscover and reward the lost virtue of hard work - a tried and tested route to individual success, national prosperity, and a fairer society.

Business is doing better than governments.

I went to the U.S. for business because I thought America is a big consuming country, although it's not an overconsuming country.

It has been proven through studies by the World Bank and others that companies participating in international trade are more competitive.

Colombia has a big market that is growing because we are elevating people out of poverty and into the middle class.

There is an alternative to terror. It is called, in the political order, democracy. In the economic order, it is called the dynamic enterprise economy. (...) It empowers poor people from the bottom up. (...) A dynamic economic sector is the poor's best hope of escaping the prison of poverty. It is the only system so far known to human beings to take poor people and make them, quite soon, middle class, and some of them even (horrors!) rich.

The way we live our daily lives is what most effects the situation of the world. If we can change our daily lives, then we can change our governments and can change the world. Our president and governments are us. They reflect our lifestyle and our way of thinking. The way we hold a cup of tea, pick up the newspaper or even use toilet paper are directly related to peace.

In his annual economic report to Congress President Bush said that the transfer of American jobs overseas is actually part of a positive transformation that will enrich the U.S. economy over time. So basically, losing your job to someone else can be a good thing. Of course we'll see how he feels about that in November.

It all looks American because America, the country that invented mass capitalism and consumerism, got there first. the impact of mass capitalism is now universal.

Think about it. Women control 70 percent of global consumer spending . . . when women do better, economies do better.

I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

Of course, if you think of a European or American household in the '50s, so what were the things that when people started climbing up the ladder, what did they buy? A fridge, a TV, I think piano was the number three item in say '53 or '54.

Urban development initiatives must match the aspirations of the middle class and the neo middle class.

Coming from Paris, I'd really like to live in Rio. I think it's gotten better. It's not as violent. The economy is better. The middle class is rising.