global economic shift Quotes

I hate to make predictions, but I think the economy is going to be permanently changed for the worse. I think our foreign policy is going to lead to changes that will be definitely for the worse, particularly if we drift into a nuclear Iran, which I gather that's what the administration is doing.

Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.

It's not a matter of if economies around the world becoming low-carbon, but when and how: through struggle and strife or through advancement and progressive leadership. Larry Elliot described it today as the 'Green New Deal.' It's a leadership we in Britain can provide, and from which our economy can benefit.

If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.

The standardization and specialization of industrialization was being undermined by globalization. When people in Bangladesh could produce things much more cheaply than anybody could produce them in Detroit, we no longer were the world capital of industrialization.

I have been observing China for more than 30 years and am impressed how logically and wisely it tackles its problems. Obviously the international system could be unbalanced by China's rising power - if we don't prepare ourselves for the new competitive situation, that is. But it is an economic challenge, not aggression on the level of Hitler.

The United States is a bankrupt nation. It owes the world 14 trillion dollars, and it is truly able to finance itself and the war and the supply of arms to Israel, through the money that is lent to the United States by rich countries, some of which are Muslim countries. And if you stop using the U.S. dollar... Even if you want to sell oil, you can continue to sell oil, but insist on being paid in euros, or yen, or whatever... If you do that, then the U.S. dollar will not be half the value that it has today, and if it doesn't have the value that it has today, it cannot spend money producing arms

I believe that it is very difficult in the world of today to continue with G-8 only without taking in account the importance of Brazil, China, India, many in the world economy, because these countries are great consumers, large consumers, and we're also becoming great producers, and also because we were better prepared than the rich countries for the nowadays global crisis.

If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.

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