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"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
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Exlpore more Globalization quotes
"Globalization means standardization. The very rich and the very poor must want the same things, but only the rich can have them."
"We should keep on going along the path of globalization. Globalization is good... when trade stops, war comes."
"We may freak out globally, but we suffer locally."
"When you live in the United States, with the roar of the free market, the roar of this huge military power, the roar of being at the heart of empire, it's hard to hear the whispering of the rest of the world. And I think many US citizens want to. I don't think that all of them necessarily are co-conspirators in this concept of empire. And those who are not, need to listen to other stories in the world - other voices, other people."
"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."
"Trade is a communication of cultures and values."
"Every day more Americans watch their jobs being shipped overseas."
"Contagion has become very much a phenomenon, and it's a phenomenon of globalization."
"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."
"Today in the era of globalization there is no such issue as borders between states of the same nation."
Explore more quotes by Larry Summers
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
"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."
"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."
"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 dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."
"Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular."
"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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