Robert Gilpin Quotes

It’s no surprise that a global economy creates a global class conflict…. All markets create classes and class conflicts.

Although globalization is inexorable, its benefits are not.

Contemporary capitalist polities need to accept that inequality and insecurity will continue to be the inevitable results of market operations and find ways to shield citizens from their consequences—while somehow still preserving the dynamism that produces capitalism’s vast economic and cultural benefits in the first place.

The world’s biggest problem is the unequal distribution of capitalism. If there were capitalism everywhere, you wouldn’t have food shortages.

If the global economy is unresponsive to people who feel left behind, if inequality continues to grow, then we could end up seeing more and more of these divisions arise throughout advanced economies around the world.

Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.

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.

Class warfare has never created a job.

The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.

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.

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.

One winter, I went to Erfoud to research trilobites and got to know the quarries, the dealers, and the remote mining villages. They are not easy places to visit, and this was a completely unknown corner of the world economy: children slaving away on desert cliffs to furnish wealthy collectors in San Francisco.

The inability of middle-class people to receive loans in developing countries has had a stifling effect on economic growth and prosperity around the globe.

Women are the most underutilized 'resource' in the world economy.

There were but two families in the world, Have-much and Have-little.

[Donald] Trump is instructive.For Trump, it was that the global economy and the international world order were failing regular people.

Clearly, the Global Economy isn't working for workers in China and Indonesia and Burma any more than it is for workers here in the United States.

there is ten times more in the world than would maintain all in yet unknown luxury. Yet how much misery there is in our midst; not because there is not enough, but owing to the misdirection of it.

I understand we're on our way to being a Third World country. Could we just stop at 'Second World' before we get there?

The commerce of the world is conducted by the strong, and usually it operates against the weak.

China is soon to be probably the most powerful nation in the world, but they only making like $10,000 a year, and that's doing it. They're balling on $10,000 a year, and this is the strongest nation? But it's a billion people. The way it breaks down, if you really look at it, it's still built on the poor, on the backs of hundreds of millions of destitute, impoverished farmers that you'll never see. You just see Shanghai and you see Hong Kong.

I would say that in this world, the greatest source of inequality has been special privileges granted by government.

The world is full of smart, poor people.

An elite group of less than a billion people now take more than 80 per cent of the world's wealth.

By 2035, there will be almost no poor countries left in the world.