It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does. Angus Deaton More Quotes by Angus Deaton More Quotes From Angus Deaton 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 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 good globalization india people 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
