Concessions Quote by Walter Wriston
“A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine,”
About This Quote
Source Speech: Business conference, 1990s
Global economy demands shared sovereignty and cooperation, once thought impossible.
In simple terms: World trade needs nations to share power.
Key Takeaway
Embrace collaborative governance.
Themes
globalization
sovereignty
cooperation
Mood
optimistic
serious
Type
political
economic
When to use this quote
- trade negotiations
- international policy
- regional alliances
- economic planning
Key Concepts
political economy
interdependence
Questions to Reflect On
- How can nations balance sovereignty with global needs?
- What are risks of over‑integration?
A Different Perspective
National interests may resist ceding power.
![“[The Dalai Lama] told me some years ago, "I've made every concession to China, and I've been as open and tolerant as I could, and still things get worse in Tibet." If you look at it from one point of view, as he himself says, his monastic position of forbearance and nonviolence hasn't reaped any…” quote by Pico Iyer](https://sms4smile.com/quotes/img-quotes/9fe/pico-iyer-1252_benefits_the-dalai-lama-told-me-some-years-ago-i_678.jpg)
