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Globalization, globalism

Friday 19th of April 2024

Globalization The biggest economic winners of the last 40 years were highly skilled natives living in superstar cities. They risk becoming the biggest losers of the next era. To quote the scary new mantra: if you can do your job from anywhere, someone anywhere can do your job. Lesser-skilled workers in western countries have been through this already, when jobs in factories, call centres and back office were offshored. Parisian graphic designers and New York bankers may be about to find out what that feels like. Simon Kuper, Financial Times, March 25, 2021 © 2021 Kwiple.com
Globalization Global remittances to low- and middle-income countries hit a record $554bn last year, double the figure for 2007, and more than the annual global total of foreign direct investment, says the World Bank. That figure is projected to plunge 20 per cent this year. Simon Kuper, Financial Times, September 24, 2020 © 2020 Kwiple.com
Globalization I am not a U.S. company and I don't make decisions based on what is good for the U.S. Lee Raymond, CEO of ExxonMobil © 2020 Kwiple.com
Globalization I hear people say we have to stop and debate globalisation. You might as well debate whether autumn should follow summer. Tony Blair, 2005 © 2019 Kwiple.com
Globalization Ideally, you'd have every plant you own on a barge to move with currencies and changes in the economy. Jack Welch © 2017 Kwiple.com
Globalization Ideas, knowledge, science, hospitality, travel – these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conviently possible, and, above all, let finance be primarily national. John Maynard Keynes, “National Self-Sufficiency” © 2019 Kwiple.com
Globalization Perhaps the only Americans who are truly safe from the negative effects of global labor markets, capital flight abroad, immigration, and labor-saving technology are the affluent owners of stock in multinational corporations. They unambiguously profit from all these forces. Benjamin Page and Martin Gilens, Democracy in America? © 2019 Kwiple.com
Globalization The public perception is that the companies reaping the rewards of globalisation are beyond reach of the rules that apply to everyone else. All the insecurities of globalisation fall on ordinary citizens. Philip Stephens, Financial Times, September 16, 2016 © 2016 Kwiple.com
Globalization … regionalisation, not globalisation, is the future. Rana Foroohar, Financial Times, February 21, 2022 © 2022 Kwiple.com
Globalization We are fortunate that, thanks to globalization, policy decisions in the U.S. have been largely replaced by global market forces. National security aside, it hardly makes any difference who will be the next president. The world is governed by market forces. Alan Greenspan, 2007 © 2016 Kwiple.com
Globalization We see repeatedly that when people anywhere are desperate, people everywhere are at risk. In a world where pandemic disease spreads from one continent to another in the span of a few hours, where terrorist attacks are more random and frequent, and where political crises trigger mass migration, it is in our collective interest to fight against the daily reality of poverty, sickness and frustration. Bill and Melinda Gates, Wall Street Journal, September 16-17, 2017 © 2016 Kwiple.com
Globalization We sell iPhones in over a hundred countries. We don't have an obligation to solve America's problems. Our only obligation is making the best product possible. Unnamed Apple executive quoted in New York Times, January 21, 2012  © 2021 Kwiple.com
 
Globalization Yes, our most recent round of globalization produced more wealth than the world has ever known. Unfortunately, as economist Dani Rodrik has pointed out, for every $1 of efficient gain from trade, there is typically $50 worth of redistribution towards the rich. The economic and political consequences of that are the key reason that we are now in a period of deglobalisation. Rana Foroohar, Financial Times, May 22, 2022 © 2022 Kwiple.com