"Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support"
- Paul Samuelson
About this Quote
This quote by Paul Samuelson suggests that globalization depends on continual financial development in order to succeed. Without economic growth, the process of globalization would not be able to offer the economic advantages and political support that it currently does. This indicates that financial growth is necessary for globalization to be effective which without it, the process would not be able to offer the same level of advantages and support. This quote likewise recommends that financial development is essential for globalization to be effective which without it, the process would not be able to supply the exact same level of advantages and assistance. This implies that financial development is vital for globalization to be successful which without it, the process would not have the ability to supply the same level of advantages and assistance.
This quote is written / told by Paul Samuelson somewhere between May 15, 1915 and today. He/she was a famous Economist from USA.
The author also have 14 other quotes.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
