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Improved Productivity Is Another Direct Benefit Of Globalization.

-Christine Lagarde

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Improved Productivity Is Another

Christine Lagarde

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Improved Productivity Is Another Direct Benefit Of Globalization.

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I Guess Economists, It's A Bit Like Scientists, You Have Definitely Fewer Women In That Field.

I Think There Are Multiple Studies Now To Demonstrate That Diversity, A Better Balance Between Genders, But Also Between Different Fields As Well, Is Actually Conducive To Better Growth, Better Bottom Line, Better Results.

I Think More Of The Little Kids From A School In A Little Village In Niger Who Get Teaching Two Hours A Day, Sharing One Chair For Three Of Them, And Who Are Very Keen To Get An Education. I Have Them In My Mind All The Time. Because I Think They Need Even More Help Than The People In Athens.

We Need A Reset In The Way The Economy Grows Around The World

Improved Productivity Is Another Direct Benefit Of Globalization.

France Would Be Reluctant To Embrace Any Proposal By The European Commission To Slash Agricultural Tariffs If It Threatened The European Union's Common Agriculture Policy .

If Inflation Is The Genie, Then Deflation Is The Ogre That Must Be Fought Decisively.

Tackling Climate Change Is A Collective Endeavour, It Means Collective Accountability And It's Not Too Late

I Hate To Say There Are Female And Male Ways Of Dealing With Power, Because I Think Each Of Us Has A Male And A Female Part. But Based On My Own Experience, Women Will Tend To Be Inclusive, To Reach Out More, To Care A Little More.

Canada Stands Out As Making A Sensible And Positive Contribution To The World. I'm Saying That Maybe Because Of Its Inclination Toward Multilateralism. Support For The Environmental Protection Cause. It's Relationship Between People And Nature.

I Love Cooking. Not For Myself Alone. Cooking Is About Giving.

The Egyptian Society Needs To Include Its Women If It Wants To Have Economic Prosperity.

When Women Do Better, Economies Do Better.

Women, As The Minority, Have To Prove Their Worth All The Time. That's The Reason We Tend To Over-prepare, Over-study, Over-anticipate. I Think It's The Case With Many Women Leaders. We Tend To Over Do It.

We Cannot Just Look At A Country By Looking At Charts, Graphs, And Modelling The Economy. Behind The Numbers There Are People.

If Climate Change Issues Are Not Adequately Addressed—if We Keep Running Those Nice Energy Subsidies, If The Price On Carbon Is Not Adequately Set, If Policymakers Don’t Have It On Their Radar Screens—then Financial Stability In The Medium And Long-term Is Clearly At Stake.

I Think I Have A Male Side About Me And You Have A Female Side About You. It's A Question Of Repressing Or Not.

Massive Progress Has Been Made In The Last Five Years. More Progress Has To Be Made In Terms Of Fiscal Union And Banking Union.

I'm Not In The Business Of Reading Tea Leaves. I Don't Have A Crystal Ball.

Countries Like Canada, Korea, China, Germany Can And Should Use Fiscal Space. Some Of Them Are Doing It, Not All.

We Draw Many Benefits From Globalization That People Take For Granted. Poverty Has Been Reduced Massively Around The World. If You Look At The Chinese Numbers, It Is Quite Mind-boggling: 700 Million People Taken Out Of Poverty In A Matter Of 40 Years, The Poverty Rate Having Moved From Over 30 Per Cent From Hardly Six Per Cent Now. That Would Not Have Happened If There Had Not Been Globalization.

When My Father Passed Away And Then When Later On I Gave Birth, Those Are Sort Of Ground-breaking Experiences That Put Everything Else Into Perspective.

I Learned That You Can Constantly Improve, And That You Should Not Be Shy About Your Views, And About The Direction That You Believe Is Right.

There Is A Very Strong Linkage Between U.s. Banks And European Banks. There Are Plenty Of European Employees That Are Employed By U.s. Companies, And There Are Plenty Of U.s. Employees That Are Employed By European Companies.

All Stakeholders Must Participate In The Gains And Losses Of Any Particular Situation.

We Would Not Be Enjoying Those Cellphones And Those Tablets At The Price Where They Are Had It Not Been For Globalization, Both In Terms Of Trade And In Terms Of Constant Technological Innovation.

Diversity In And Of Itself Is A Strong Positive.

I Was Praised In The U.s. And Heavily, Brutally Criticized In France.

In The Area Of Trading, It Is Now An Academically Demonstrated Fact That Women Tend To Be A Little Bit More Risk-adverse. They Don't Move Positions As Quickly And As Erratically As Men. Maybe It Is A Bit Less Profitably, But I Think It Would Have Been Less Risky.

We Need To Put Our Good Research, Our Good Work, Our Principles Into Actionable Items Whenever We Can.

It's Become My Brand In A Way You Know, Speaking The Truth Even Though It Was Not Politically Correct.

Speak The Truth

Politically Correct

If You Have An Overwhelming Majority Of One Sex Over The Other, And Clearly In Our Case At The Moment - And It Has Been Like This For A Long Time - It Is Male Over Female, You Tend To Have Group Thinking. You Tend To Have Common References, Combined With Competition, Combined In This Case With Testosterone. I'm Not Suggesting It's A Toxic Mix, But I'm Saying It Needs To Be Tempered And Altered And Modified And Made Better By Diversity.

I'm Very Much A Believer That It's Action That Matters Much More So Than, You Know, The Flurry Of Political Promises And Statements And Slogans That Are Used During Political Campaigns.

Of Course, Trade Agreements Can Be Beneficial, But Of Course They Need To Avoid Infringing On Certain Areas And Respect Diversity.

To Me, Leadership Is About Encouraging People. It’s About Stimulating Them. It’s About Enabling Them To Achieve What They Can Achieve - And To Do That With A Purpose.

The Europeans Governments Have Massively Changed The Landscape In Europe. There Is No Doubt About It. They Have Put Together The European Financial Stability Fund. They Have Discussed And Approved The European Stability Mechanism.

Those Negatively Affected By Globalization, Those Who Are Losing Their Jobs, And Losing Their Skills, People Out Of Training, Must Be Looked After. Governments Must Establish Policies, And Governments And Companies Must Actually Address That Issue, So That Those Who Lose Out From Globalization Can Be Retrained, Recycled, Re-established, Cared For.

You Know, When I Sit In Meetings And Things Are Very Tense And People Take Things Extremely Seriously And They Invest A Lot Of Their Ego, I Sometimes Think To Myself, 'come On, You Know, There's Life And There's Death And There Is Love.' And All Of That Ego Business Is Nonsense Compared To That.

Before A Negotiation Can Proceed And Be Completed, What Is Outside The Scope Of Negotiation Needs To Be Agreed.

The Difficulty That Negotiators Have Is Often Based On The Cultural Difference That Various Countries Have.

You Are Never Wrong When You Have Voted Because You've Acted In Accordance With Your Conscience And Your Beliefs, And You've Exercised Your Democratic Right, Which Is, You Know, Perfectly Legitimate In Our Democracies.

There Are Goods That Are Outside Trade And In The Public Domain And That Should Be Reserved And Protected.

Our Fortunes Rise Together, And They Fall Together. 'all Men Are Brothers,' Said The Analects. We Have A Collective Responsibility-to Bring About A More Stable And More Prosperous World, A World In Which Every Person In Every Country Can Reach Their Full Potential.

It So Happens That Because All The Economies Are Strongly Inter-connected And Aggregated, There Is Trade That Is Happening Not Just From China To The Rest Of The World, But From The Rest Of The World To China As Well, And That Is Going To Continue.

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If Lehman Brothers Had Been A Bit More Lehman Sisters ... We Would Not Have Had The Degree Of Tragedy That We Had As A Result Of What Happened.

Consumption Has Massively Benefited From Globalization.

People Can Buy The Kind Of Things They Consider As Normal And Take For Granted Because Of Globalization And Trade And Use Of Supply Chains And The Reduction Of The Cost Base Of The Manufacturing Of Some Products.

A Global World Needs Global Firewalls.

I Have A Theory That Women Are Generally Given Space And Appointed To Jobs When The Situation Is Tough. I've Observed That In Many Instances. In Times Of Crisis, Women Eventually Are Called Upon To Sort Out The Mess, Face The Difficult Issues And Be Completely Focused On Restoring The Situation.

Think About It. Women Control 70 Percent Of Global Consumer Spending . . . When Women Do Better, Economies Do Better.

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It's A Question Of Not So Much Pushing The Boys Out Of The Picture, But Making The Whole Frame Bigger So That Both Men And Women Access The Labor Market, Contribute To The Economy, Generate Growth, Have Jobs, And So On.

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Unless We Take Action On Climate Change, Future Generations Will Be Roasted, Toasted, Fried And Grilled.

The Financial Industry Is A Service Industry. It Should Serve Others Before It Serves Itself.

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