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"Globalization was a deep trend pushed by technology and right ideas, as much as anything else."
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"In old days, instead of asking a teacher, people looked at the dictionary to know the complete definition of teacher. Now Google becomes our teacher and to know about Google, people Google it."
"We are so much distracted nowadays. There is so much distractions in the world today call it internet, media, football matches etc. but don't let it consume you."
"It doesn't matter how long we've used something; all that matters is how awesome the thing replacing it is. MP3s and automobiles happen to be really, really awesome, whereas ebooks-at least so far-are fairly limited in their awesomeness."
"It's a fact that more people watch television and get their information that way than read books. I find new technology and new ways of communication very exciting and would like to do more in this field."
"Stomp stomp. Whirr. Pleased to be of service.Shut up.Thank you.Stomp stomp stomp stomp stomp. Whirr. Thank you for making a simple door very happy.Hope your diodes rot.Thank you. Have a nice day.Stomp stomp stomp stomp. Whirr. It is my pleasure to open for you...Zark off....and my satisfaction to close again with the knowledge of a job well done.I said zark off.Thank you for listening to this message."
"Quite amazing, isn't it, Mister Lipwig?' he said cheerfully through the smoke. 'Though isn't it a pity that they can only run on rails? I can't imagine what the world would be like if everyone had their own steam locomotive. Abominable."
"My mom would spy by satellite, turning down the air conditioning, colder and colder, with a tapping keystroke via her wireless connection, chilling that house, that one room, meat locker cold, ski-slope cold, spending a king's ransom on Freon and electric power, trying to make some doomed ten bucks' worth of pretty pink flowers last one more day."
"The phone is the new tamagotchi. We have to feed it daily with energy to keep it alive."
"It was as impersonal as the Internet itself, the object responsible for connecting you to long lost people in your life, and many new ones, none of whom you will ever see."
"When computers are able to imagine, then humanity will get its death notice."
Explore more quotes by Jeffrey Sachs
"We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well."
"In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years."
"If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold."
"In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better."
"The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view."
"Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass."
"If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days."
"We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy."
"We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy."
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