Paul Krugman Quotes

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.

Trade liberalization can be contagious, and the opening of markets regionally can spark progress multilaterally as well.

The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

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

I think every country has to recognize its competitive advantage and liberate its strengths to be a partner in global trade, and that's the only way you can survive and succeed.

Globalization is the process by which markets integrate worldwide.

My grandfather was the architect behind NAFTA, and that has created so much economic opportunity, not only in our country, but in Latin America.

Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.

We draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.

The nation will benefit in the long term if it continues to be open to foreign expertise. This will help the country to establish its business culture and environment faster, based on international best practice.

It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.

The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.

And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.

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

As we were all growing up, there used to be a very big mantra in India which was called 'export or perish.' There was a long period when we used to focus on import substitution.

It is much harder for economies to prosper if they cannot sell to, buy from, invest with, and even transit their neighbors. Landlocked countries with failed or failing neighbors can lose access to the world economy.

If done correctly, strengthening our trade relationship with India will create jobs here in America.

Britain is one of the world's most open economies. More dependent on trade than any other major country. Our success depends on our competitiveness and our competitiveness depends on raising our productivity, as our competitors are raising theirs.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

Globalization

Before the war the trade agreements program was an instrument for defense against the epidemic of destructive and demoralizing trade warfare. Today, with the end of the great holocaust finally within sight, this same instrument is transformed into a powerful device for shaping a better world.

Liberalization of trade barriers are essential for long-term global growth.

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