Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.

Angus Deaton

Categorized in : Good People India Globalization

After a day's fishing, I'll know the solution to something or have good ideas that were not accessible before.

Angus Deaton

day good fishing ideas

The first thing we need to understand when we think about globalization is that it has benefited an enormous number of people who are not part of the global elite.

Angus Deaton

understand think globalization people

International cooperation is vital to keeping our globe safe, commerce flowing, and our planet habitable.

Angus Deaton

planet commerce cooperation safe

Although globalization and technological change have disrupted traditional work arrangements, both processes have the potential to benefit everyone. The fact that they have not suggests that the wealthy have captured the benefits for themselves.

Angus Deaton

everyone globalization change work

I don't think that globalisation is anywhere near the threat that robots are.

Angus Deaton

anywhere think globalisation robots

The call to rein in globalization reflects a belief that it has eliminated jobs in the West, sending them East and South. But the biggest threat to traditional jobs is not Chinese or Mexican; it is a robot.

Angus Deaton

robot globalization mexican belief

Trade, migration, and modern communications have given us networks of friends and associates in other countries. We owe them much, but the social contract with our fellow citizens at home brings unique rights and responsibilities that must sometimes take precedence, especially when they are as destitute as the world's poorest people.

Angus Deaton

friends home people world

Foreign aid, especially when there is a lot of it, affects how institutions function and how they change.

Angus Deaton

how institutions function change

China and India are the success stories; rapid growth in large countries is an engine that can make a colossal dent in world poverty.

Angus Deaton

poverty growth success world

When I was a boy living in Edinburgh in Scotland, especially in December, when the hours of daylight were few, and it was cold, and often wet, I used to dream of escaping to a tropical magic kingdom.

Angus Deaton

boy december magic dream

Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things worse for a very large number of people around the world who have benefitted - people in China and India who have been dragged out of the most awful poverty.

Angus Deaton

future change people world

Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.

Angus Deaton

doing bad think business

Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.

Angus Deaton

sharing behind growth important

I was born in Edinburgh, in Scotland, a few days after the end of the Second World War. Both my parents had left school at a very young age, unwillingly in my father's case. Yet both had deep effects on my education, my father influencing me toward measurement and mathematics, and my mother toward writing and history.

Angus Deaton

me mother education history

The school in the Yorkshire mining village in which my father grew up in the 1920s and 1930s allowed only a few children to go to high school, and my father was not one of them. He spent much of his time as a young man repairing this deprivation, mostly at night school.

Angus Deaton

man time father children

In the high-income English-speaking world, the elderly get treated very well indeed.

Angus Deaton

indeed well get world

A lot of people, including me, are worried that inequality will lead to bad things.

Angus Deaton

bad me inequality people

I feel passionately about measurement - about how difficult it is, about how much theory and conceptualization is involved in measurement, and indeed, how much politics is involved.

Angus Deaton

feel how difficult politics

European countries give much larger shares of aid for poverty relief than the U.S.

Angus Deaton

than give relief poverty

Inequality is not so much a cause of economic, political, and social processes as a consequence. Some of these processes are good, some are bad, and some are very bad indeed.

Angus Deaton

bad good inequality political