Competition Quote by Raghuram Rajan
“In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they are creating financial-sector and cross-border risks that will become increasingly apparent as countries exit their unconventional policies.”
About This Quote
Source Lecture: Economic Forum, 2018
Countries chase larger market shares, creating financial and cross‑border risks that will surface as policies normalize.
In simple terms: Pursuing growth can create hidden dangers.
Balance competition with coordination.
Themes
Mood
Type
When to use this quote
- budget planning
- regulatory reforms
- investment strategies
Key Concepts
Questions to Reflect On
- What mechanisms can mitigate these risks?
- How to align national policies?
Risk may be overstated in some markets.