When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.
Sentiment: POSITIVE
What we ask of the developed countries is to let the Third World find a third way.
Globalisation has made us more vulnerable. It creates a world without borders, and makes us painfully aware of the limitations of our present instruments, and of politics, to meet its challenges.
If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.
World Bank is a bank that's focused on economic development and poverty alleviation.
It is vital that the World Bank Group continually challenges itself to refresh our development thinking. It is vital that a modernized multilateralism be open to new ideas.
In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they are creating financial-sector and cross-border risks that will become increasingly apparent as countries exit their unconventional policies.
One of the biggest challenges facing the globe is the gap that exists in the wealth and standards of living enjoyed by the world's nations.
So another challenge for our generation is to create global institutions that reflect our ideas of fairness and responsibility, not the ideas that were the basis of the last stage of financial development over these recent years.
When a country has the skill and self-confidence to take action against its biggest problems, it makes outsiders eager to be a part of it.
Global interdependence today means that economic disasters in developing countries could create a backlash on developed countries.
No opposing quotes found.