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.
Christine LagardePeople 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.
Christine LagardeIf climate change issues are not adequately addressedโif we keep running those nice energy subsidies, if the price on carbon is not adequately set, if policymakers donโt have it on their radar screensโthen financial stability in the medium and long-term is clearly at stake.
Christine LagardeWhen in one area of the world the standard of living and the size of the middle class increases, it is going to have an effect elsewhere in the world as well.
Christine LagardeIn 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.
Christine LagardeThose 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.
Christine Lagarde