Salman Khurshid Quotes

America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.

The United States is going to be a rich country, it is going to be prosperous, but it is not going to be able to take the lead in the next phase of global economic development.

The challenge to our national economies and the collective economy of Europe will become - with the growth of China and the continuing productivity growth of the US - even more intense in the decades to come.

When the developed grow fast, the developing grow fast, and when the developed slow down, the developing slow down.

It's the nation that's at risk, not just Oklahoma or Pennsylvania. It's the whole country that's competing with Korea, Germany and Japan.

For the first time since the 15th century, China is becoming a major economic power.

If you want your country to be competitive in the 21st century economy, a big financial sector is fundamentally bad news.

China wants to take our economic place in the world and, in doing so, will devastate our economy at the expense of our future and our families' futures.

Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one.

China is growing very quickly and is clearly becoming an important player in the world economy.

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 global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.

Unless we rise to the challenge, instead of American youth being able to live the American dream, the Chinese will fulfill their dream of overtaking America.

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

But, we have had the debate in our country now for a number of years as to whether or not free trade agreements are good for economic growth and economic opportunity in creating jobs and lifting people out of poverty.

Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian.

There are more and more products with fewer people able to consume them. We have to help those who don't have the economic stability to grow, or one day there will be very few who are able to buy what we're selling.

And so in terms of territorial control, in terms of economic preeminence, the western share of the gross world product is declining as Asian societies in particular develop economically.

Most countries are static, and they need to do is keep having babies. But America's like this big old clanking smoking machine that just lumbers across the landscape scooping up and eating everything in sight.

The major economies are not American anymore. They are Asian and South American.

We Americans look at the last 300 years of history, and we basically see a world that's getting better and better. The rule of freedom expands. The economy develops. We have risen to become the world's greatest power.

In the space of a decade, China and India have emerged as dramatic, dynamic competitors.

So in terms of the global economic footprint, let's just say China within the next decade and a bit is likely to emerge as the world's largest economy. Obviously its foreign policy and security policy footprint increases and that creates both challenges and opportunities for us all.

I think the rich will eventually have to cave in too, because the economic situation around the world is not gonna tolerate the United States being on top forever.

We're living through the twilight of American economic dominance.