Business Quote by Paul Krugman
“The raw fact is that every successful example of economic development this past century ... has taken place via globalization.”
About This Quote
Source Book: The Conscience of a Liberal, 2007
Globalization has been the primary driver of economic growth in the last hundred years.
In simple terms: World integration fuels development.
Key Takeaway
Support policies that promote open trade.
Themes
economics
globalization
development
Mood
analytical
balanced
Type
economic
political
When to use this quote
- business expansion
- policy making
- investment decisions
Key Concepts
trade liberalization
comparative advantage
Questions to Reflect On
- What are the benefits and costs of global trade?
- How can we mitigate its downsides?
A Different Perspective
Globalization can increase inequality and cultural loss.
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