--- title: "Meaning & Key Takeaway of: The fact is that during the post-1989…" description: "\"The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly..." image: "https://sms4smile.com/quotes/i/d2e/arancha-gonzalez-7279_business_the-fact-is-that-during-the-post-1989-he_932460.jpg" --- # The fact is that during the post-1989 heyday of… ![“The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly predicted in economic theory - that trade would harm some people even while leaving society as a whole better off. The result was overpromised…” quote by Arancha Gonzalez](https://sms4smile.com/quotes/i/d2e/arancha-gonzalez-7279_business_the-fact-is-that-during-the-post-1989-he_932460.jpg) [Download](https://sms4smile.com/quotes/i/d2e/arancha-gonzalez-7279_business_the-fact-is-that-during-the-post-1989-he_932460.jpg) [Open image](https://sms4smile.com/quotes/i/d2e/arancha-gonzalez-7279_business_the-fact-is-that-during-the-post-1989-he_932460.jpg) > “The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly predicted in economic theory - that trade would harm some people even while leaving society as a whole better off. The result was overpromised benefits and inadequate adjustment plans.” [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Highlights that globalization benefits are uneven, causing harm to some despite overall gains **In simple terms:** Globalization creates winners and losers Key Takeaway Address adjustment for affected groups Themes economics globalization inequality Mood analytical concerned Type economic policy When to use this quote - Policy design - economic forecasting - community support programs Key Concepts Trade theory social safety nets Questions to Reflect On - What policies can mitigate adverse effects of trade? - How can societies balance overall growth with individual welfare? A Different Perspective Complex to predict who will be harmed ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [China](https://sms4smile.com/quotes/about/china/) [Optimism](https://sms4smile.com/quotes/about/optimism/) [Society](https://sms4smile.com/quotes/about/society/) ## Related quotes > [The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of all the…](https://sms4smile.com/quotes/michael-hudson/the-aim-of-academic-trade-theory-is-to-tell-students-look-at-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [I love being a private company. 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Legal obstacles must not be allowed to stand in…](https://sms4smile.com/quotes/arancha-gonzalez/technology-is-making-it-easier-for-women-to-connect-to-business/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Ever since the first power looms put weavers out of work in the late 18th century, technology has increased productivity but threatened jobs for…](https://sms4smile.com/quotes/arancha-gonzalez/ever-since-the-first-power-looms-put-weavers-out-of-work-in-the-late/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Our key objective is to remove obstacles to trade.](https://sms4smile.com/quotes/arancha-gonzalez/our-key-objective-is-to-remove-obstacles-to-trade/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Governments can't credibly claim to be concerned about stagnant growth and ageing workforces unless they are actively seeking to empower women economically. 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