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Social unrest and protectionism are the two major risks of the world economic crisis.

Christine Lagarde

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Christine Lagarde
Age: 68
Born: 1956
Born: January 1
Banker
Diplomat
Economist
Lawyer
Politician
Synchronized Swimmer
9th arrondissement
Paris
Christine Madeleine Odette Lallouette
Christine Madeleine Odette Lagarde
Risk
Economic
Social
Protectionism
Two
Unrest
World
Risks
Majors
Major
Crisis

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I'm not in the business of reading tea leaves. I don't have a crystal ball.
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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.
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Consumption has massively benefited from globalization.
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Countries like Canada, Korea, China, Germany can and should use fiscal space. Some of them are doing it, not all.
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We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World
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I look under the skin of countries' economies, and I help them make better decisions and be stronger, to prosper and create employment.
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The Egyptian society needs to include its women if it wants to have economic prosperity.
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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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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.
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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.
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When you think of a safe and solid arbitration place, you think of Switzerland, Sweden, Canada. Those attributes may be associated with clichés, but I think they resonate with a lot of people and they are a solid base for Canada to co-operate and help others.
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Tackling climate change is a collective endeavour, it means collective accountability and it's not too late
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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.
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We need to put our good research, our good work, our principles into actionable items whenever we can.
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I guess economists, it's a bit like scientists, you have definitely fewer women in that field.
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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.
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Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.
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Unless we take action on climate change, future generations will be roasted, toasted, fried and grilled.
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