"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.
"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"
"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"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
"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"
"Hand in hand with nationalist economic isolationism, militarism struggles to maintain the sovereign state against the forward march of internationalism"
"Racism is a way to gain economic advantage at the expense of others. Slavery and plantations may be gone, but racism still allows us to regard those who may keep us from financial gain as less than equals"