Globalization Quote by Angus Deaton
“The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.”
About This Quote
Source Interview: World Bank Forum, 2015
Notes that globalization helped poor nations but harmed some rich‑country workers via offshoring.
In simple terms: Globalization lifts some, hurts others.
Balance trade benefits with domestic support.
Themes
Mood
Type
When to use this quote
- policy making
- career transitions
- education programs
- social safety nets
Key Concepts
Questions to Reflect On
- How can policies protect displaced workers?
- What responsibilities do rich nations have?
Complex to reverse entrenched trade patterns.