The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly predicted in economic theory - that trade would harm some people even while leaving society as a whole better off. The result was overpromised benefits and inadequate adjustment plans.

Growth without diversification, technological improvement, and increased productivity is easily reversed: all it takes is a dip in commodity prices.

Africans don't just need more jobs: they need better jobs.

Arancha Gonzalez Quotes