With global trade screeching to such a standstill, so, too, should the external demand contributions of most major economies around the world,
More Quotes from Stephen Roach:
Today's German angst has much in common with the experience of the American worker in the early 1980s and again the early 1990s. For both cases in the U.S., there was no gain without pain. Germany is certainly going through the pain phase, but the gains cannot be minimized.Stephen Roach
Global trade is an increasingly large component of the world economy -- now accounting for close to 25 percent of global GDP. So when world trade hits the wall, so should the broader measures of global output.
Stephen Roach
The United States has long drawn comfort from the quality differential of its educational system. However, in the Internet Age with its ubiquitous diffusion of knowledge, innovation, and technological change, that may turn out to be an increasingly false sense of security.
Stephen Roach
The major risk to the global economy is complacency. We cannot keep thinking that we can shrug off the deficit and the property bubble.
Stephen Roach
I honestly believe that if China were to revalue its currency upward by 10 percent -- a change I do not expect nor advise -- its exports would suffer minimal loss of market share,
Stephen Roach
For the last three years, we've had a two-engine world the Chinese producer and the American consumer. Both engines are going to slow down. The debate will be whether this two-engine global 747 is in danger of stalling.
Stephen Roach
Readers Who Like This Quotation Also Like:
Based on Topics: World QuotesBased on Keywords: screeching
In designing hardware to be used every day, it was important to keep both the human aspects and the machine in mind. What looks good also often feels good.
Michael Graves
My price is five dollars for a miniature on ivory, and I have engaged three or four at that price. My price for profiles is one dollar, and everybody is willing to engage me at that price.
Samuel Morse
Tactics mean doing what you can with what you have.
Saul Alinsky