Many people of my generation grew up in developed countries thinking that the world was divided into two parts and that there was a wall round the developed world. They thought that poor people had no relevance to us. What happened on September 11 was that anybody who thought there was a wall now knows that there is no wall. James Wolfensohn Read Quote
The poor people of the world tend to be the places that al-Qaeda and other terrorist groups can recruit. James Wolfensohn Read Quote
The only way really to influence countries, in terms of poverty, is to get them to change their policies and get them to understand what the issues are. James Wolfensohn Read Quote
China never borrowed less than $3 billion a year during my tenure. They were the most significant client. They used the Bank not just for money but for the know-how. James Wolfensohn Read Quote
The Bank had never used the word ‘corruption’ at all until I got there, and the reason for that was, as the general counsel pointed out to me, that quite a number of our shareholders represented were not immune from corruption in their governments. James Wolfensohn Read Quote
Most people recognize that to create jobs is really the essential element in their drive against poverty. James Wolfensohn Read Quote
It’s probably conventional wisdom now that you bring openness of markets only after the market has developed to a certain level. James Wolfensohn Read Quote
I think that so-called capitalism and trade is a very important element in giving people opportunity. James Wolfensohn Read Quote
