Economic Quote by Pascal Lamy
“Globalization is incredibly efficient but also so far incredibly unjust.”
About This Quote
Source Speech: WTO Ministerial Conference, Pascal Lamy, 2005
Global trade boosts efficiency but creates deep inequities across societies.
In simple terms: Trade can be unfair to many.
Seek fairer economic policies.
Themes
Mood
Type
When to use this quote
- business strategy
- development aid
- labor rights
- consumer advocacy
Key Concepts
Questions to Reflect On
- How can we balance efficiency with equity?
- What policies can reduce trade‑related injustice?
Efficiency gains may not benefit all equally.