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James Wolfensohn QUOTES / QUOTATIONS
And that is a very, very exciting realization: to recognize that slum dwellers and rural dwellers are the same as all the rest of us, and that in fact the real strength of the developing world is the strength of the people.
Quotation of James Wolfensohn
As you look at the flow of Muslim fundamentalism, or fundamentalism in various areas and various religions, they all play on the people who have very little.
Quotation of James Wolfensohn
At this moment, the critical need is survival and immediately after the emergency then the World Bank and the other agencies come in to work under the leadership of the governments, to make sure that the locality is reconstructed both physically and emotionally.
Quotation of James Wolfensohn
But for every part of the world, instability, migration, crime, health becomes our issue, and it is just too late to wait for the crisis.
Quotation of James Wolfensohn
But having said that, the crucial thing that needs to be underlined again is that in order for there to be real development getting to the people, it is not just multinational investment or trade.
Quotation of James Wolfensohn
But I think no-one expected a disaster of these proportions and I'm quite certain that the nations are now going to come together and ensure that an early-warning system takes place.
Quotation of James Wolfensohn
But in terms of direct investment, I think that most countries in the world today are looking for it, because with direct investments comes money, technology, and jobs.
Quotation of James Wolfensohn
But the number one element is to go out and see projects and to meet the people you're trying to work with.
Quotation of James Wolfensohn
But trust me, Asia's going to be there, it's going to be a major force, it's going to get through this, it'll have a more stable system.
Quotation of James Wolfensohn
But when someone is on a winning horse, and everything looks wonderful, it's very hard as an outsider to persuade them something is wrong.
Quotation of James Wolfensohn
Equally important is to create an environment in which people can flourish.
Quotation of James Wolfensohn
Globalization in the sense of the world becoming smaller has been going on, since Adam and Eve.
Quotation of James Wolfensohn
I don't think the rules have kept up on capital markets, I don't think the rules have kept up in terms of transparency in the international scene, and I don't think the rules have kept up on trade.
Quotation of James Wolfensohn
I was deeply concerned then, and have become more concerned since, that unless we can deal with the questions of development and the questions of poverty, there's no way that we're going to have a peaceful world for our children.
Quotation of James Wolfensohn
I was interested in the challenge in the World Bank, because it's a challenge that relates not just to investment, but to people.
Quotation of James Wolfensohn
If you go country by country, you'll see that the framework in the countries, the history of the countries, is very different.
Quotation of James Wolfensohn
If you have Palestinians who have no hope, who don't have a job, who've used up all their resources, the notion of getting rid of violence is a dream.
Quotation of James Wolfensohn
In 1990 there was about $30 billion per year flowing to developing countries against overseas assistance of about $60 billion.
Quotation of James Wolfensohn
Investment is important because it brings not just money; it brings the technology that is needed, and it brings marketing capacity and jobs.
Quotation of James Wolfensohn
It's also been demonstrated that corruption is the thing that holds poor people back the most.
Quotation of James Wolfensohn
It's not as easy as it has been in the United States, which was founded on principles of equity and free speech and opportunity and a legal and judicial system which protects rights.
Quotation of James Wolfensohn
One of the principal things we're doing is to assist countries that wish to have a democratic framework create an environment in which those people that have very little can have an opportunity to advance themselves.
Quotation of James Wolfensohn
Our role is not just the simplistic way one thinks of giving charity or giving aid.
Quotation of James Wolfensohn
So debt relief can be very, very important and that will be part of a needs assessment and the method of financing that we'll be doing in the coming weeks.
Quotation of James Wolfensohn
So the first thing you need to do about conflict is to prevent it, and the best way of preventing it is by dealing with the question of poverty.
Quotation of James Wolfensohn
So when you ask why are those people not as rich as we are, why don't they have the opportunity, the first level is that they don't have the framework and the environment in which they can have equal opportunity.
Quotation of James Wolfensohn
So when you talk about a need for rules and a need for change to the environment, it is very necessary today but critically urgent in terms of preparing for the next 25 years.
Quotation of James Wolfensohn
Tanzania is a country where Benjamin Mkapa came in on a platform to fight corruption.
Quotation of James Wolfensohn
The first thing that you need to deal with is the issue of equity and poverty.
Quotation of James Wolfensohn
The first thing you talk about in Africa today is AIDS.
Quotation of James Wolfensohn
The issue of poverty is not a statistical issue. It is a human issue, Charlie.
Quotation of James Wolfensohn
The notion of the world as a village is becoming a reality.
Quotation of James Wolfensohn
The reason was very simple: You've got faster growth in developing countries; you've got many greater opportunities in terms of people and development.
Quotation of James Wolfensohn
The second thing is trade - you have to open your markets to trade. If you don't do that, you're cutting off these markets, giving them no chance.
Quotation of James Wolfensohn
The thing that is crucial here is the human dimension of it and the other aspect that we need to understand is that these areas are real poverty areas.
Quotation of James Wolfensohn
The things that really impacted me were the numbers, the inevitability of the numbers, the limitations of our planet, the interdependence of our planet in terms of people.
Quotation of James Wolfensohn
They just want an opportunity like you and I would have wanted. They want peace; they want a chance to bring up their kids; they want to live in safety.
Quotation of James Wolfensohn
Too many of the conflicts which are caused today are caused by the problems that emerge from people who are in poverty.
Quotation of James Wolfensohn
We accept that every one of us has the right to protest a contract, to protest that we own something, that we have the right to property, that we have the right to certain human protections.
Quotation of James Wolfensohn
We have extensive networks of not just talking, but of doing projects with civil society all around the world.
Quotation of James Wolfensohn
We have three billion people, half the world's population today, living on less than two dollars a day.
Quotation of James Wolfensohn
We take for granted a lot of the framework that allows us to benefit and to grow.
Quotation of James Wolfensohn
We're very blessed to have that equal opportunity.
Quotation of James Wolfensohn
Well the specific role of the World Bank is to be ready with financial assistance immediately after this emergency takes place because you need to reconnect water, you need to reconnect power, you need roads, you need bridges, and that has to be done urgently.
Quotation of James Wolfensohn
What is important is to let the people in the countries drive what their needs are and have a coordinated effort, engage the community, and only after that will we know how much.
Quotation of James Wolfensohn
When I travel, I make certain that I spend at least half of my time in the field.
Quotation of James Wolfensohn
You have to get out to meet people that are in poverty, that are looking to improve their lives.
Quotation of James Wolfensohn
You need to have the opportunity for people to benefit and not be beaten up, either physically or in terms of corruption or in terms of lacking opportunities.
Quotation of James Wolfensohn