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"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
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Exlpore more Globalization quotes
"Globalisation makes it clear that social responsibility is required not only of governments, but of companies and individuals. All sources must interact in order to reach the MDGs."
"The more I come to know about the outside world's perception of China, the more I feel there are all sorts of misunderstandings, and to a certain extent, people do not get the full picture from the media. A lot of foreigners have few opportunities to visit China, and a lot of Chinese people do not have the chance to go to Europe or to the West."
"A certain number of Americans are already in Peking and most of us here feel that it would be very useful for the United States and especially for the Left-wing progressive movement in the United States if groups of students such as you mention could make a tour of China."
"In the past, we spoke of poverty, misery only in the south. Now there is a lot of misery, a lot of bad that creates victims in the north as well. This has become manifest: the global system was not made to serve the good of all, but to serve multinational companies."
"The world is getting so small. Young people are mobile; they want to travel around the world. When you travel around the world, you exchange culture, you want to make friends, you want to exchange things."
"Most agree, whatever their party political position, that the West can and should open its agricultural markets more fully to the products of the poorer countries of the globe. They are agricultural societies that need our markets more than our charity."
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
"Globalization means standardization. The very rich and the very poor must want the same things, but only the rich can have them."
"Contagion has become very much a phenomenon, and it's a phenomenon of globalization."
"We may freak out globally, but we suffer locally."
Explore more quotes by Larry Summers
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
"The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."
"We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises."
"The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness."
"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
"It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century."
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
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