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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.” quote by Angus Deaton
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“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.”

Angus Deaton

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.

Key Takeaway

Balance trade benefits with domestic support.

Themes

globalization inequality labor markets

Mood

analytical concerned

Type

economic social

When to use this quote

  • policy making
  • career transitions
  • education programs
  • social safety nets

Key Concepts

economics development social impact

Questions to Reflect On

  • How can policies protect displaced workers?
  • What responsibilities do rich nations have?
A Different Perspective

Complex to reverse entrenched trade patterns.

4.8 out of 5 (8 ratings)

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