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.
Support policies that promote open trade.
Themes
Mood
Type
When to use this quote
- business expansion
- policy making
- investment decisions
Key Concepts
Questions to Reflect On
- What are the benefits and costs of global trade?
- How can we mitigate its downsides?
Globalization can increase inequality and cultural loss.