Barack Obama Quotes

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.

In 2009, at the height of the global economic crisis, it was clear that we were seeing something new: the impacts of the crisis were flowing across borders at unprecedented velocity.

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.

Of course we run a very open economy, and therefore what happens in the rest of the world, in economic terms, obviously has an impact on us.

This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.

I think a lot of us feel, when we look at the Dow Jones plunging, alienated - you do feel as if we're in the grip of some alien force that slipped human control.

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

Europe is a strong market for the U.S. If it has problems, if there's a lack of consumer confidence, if there's a deeper recession, this will deeply affect jobs in the U.S.

Developments in financial markets can have broad economic effects felt by many outside the markets.

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

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

An attack on the scale of Sept. 11 would rock the markets and the economy.

I fully support global commerce.

If you erased New York, I hate to say it, if you erased Frankfurt, even London, the world would not have changed.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

What we know about the global financial crisis is that we don't know very much.

Globalization is the process by which markets integrate worldwide.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

Our economy is increasingly dependent on the success and integrity of the financial markets.

One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.

There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.

If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?

We're part of a global economy whether we like it or not.

A global economy is a fact of life .... No politician can promise to protect you from it.