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.

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.

Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive.

Angus Deaton Quotes