"Open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world"
About this Quote
The subtext is a bargain pitched to two audiences at once. To developing countries, open markets promise an exit ramp from desperation, a pathway associated with East Asian export-led growth and the post-Cold War belief that integration equals advancement. To industrialized nations, the line “while sustaining prosperity” offers reassurance that solidarity won’t require sacrifice. It’s an appeal to enlightened self-interest: helping the poor isn’t charity; it stabilizes the system that keeps wealthy countries wealthy.
Context matters: Annan’s tenure sat in the high tide of globalization, when the Washington Consensus still had institutional momentum and the WTO’s legitimacy was being fought over in the streets and on the negotiating floor. Read against that backdrop, the quote is also defensive - a preemptive rebuttal to critics of neoliberalism, protectionism, and anti-globalization movements. Its rhetorical power lies in conflating openness with hope, and skepticism with cruelty, all while keeping the language smooth enough to sound like common sense.
Quote Details
| Topic | Freedom |
|---|---|
| Source | Verified source: Opening remarks to the UN Global Compact high-level meeting (Kofi Annan, 2000)
Evidence: Why? Because open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world.. This line appears in Secretary-General Kofi Annan’s opening remarks delivered at UN Headquarters (New York) to the high-level meeting of the Global Compact on July 26, 2000. The UN press-release transcript (SG/SM/7495) is a primary source and contains the quote verbatim. A contemporaneous Reuters story datelined the same day also quotes the same sentence, consistent with it being spoken remarks at that meeting. Other candidates (1) Multilateral Diplomacy and the United Nations Today (James P. Muldoon, Jr., 2018) compilation98.7% ... Kofi Annan has observed that “arguing against ... open markets “offer the only realistic hope of pulling billions... |
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Citation Formats
APA Style (7th ed.)
Annan, Kofi. (2026, February 20). Open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world. FixQuotes. https://fixquotes.com/quotes/open-markets-offer-the-only-realistic-hope-of-150698/
Chicago Style
Annan, Kofi. "Open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world." FixQuotes. February 20, 2026. https://fixquotes.com/quotes/open-markets-offer-the-only-realistic-hope-of-150698/.
MLA Style (9th ed.)
"Open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world." FixQuotes, 20 Feb. 2026, https://fixquotes.com/quotes/open-markets-offer-the-only-realistic-hope-of-150698/. Accessed 4 Mar. 2026.






