The financial industry is a service industry. It should serve others before it serves itself.
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 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 LagardeWe cannot just look at a country by looking at charts, graphs, and modelling the economy. Behind the numbers there are people.
Christine LagardeWe 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.
Christine Lagarde