Around the world Quote by Angus Deaton
“Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things worse for a very large number of people around the world who have benefitted - people in China and India who have been dragged out of the most awful poverty.”
About This Quote
Source Speech: Public Lecture on Global Economics, 2015
Economic growth depends on openness and technological progress, which lift millions out of poverty.
In simple terms: Open trade and tech boost prosperity.
Key Takeaway
Support policies that foster global trade and innovation.
Themes
economics
globalization
poverty reduction
Mood
optimistic
concerned
Type
analytical
policy-oriented
When to use this quote
- policy making
- international trade negotiations
- development aid
- education programs
Key Concepts
comparative advantage
technology diffusion
development economics
Questions to Reflect On
- How can we ensure benefits of trade reach the most vulnerable?
- What policies balance openness with domestic job security?
A Different Perspective
Opposition may claim that globalization harms local jobs; need to address distributional impacts.
