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James Wolfensohn Quotes
James Wolfensohn Quotes
James Wolfensohn
Australian
Businessman
Born:
Dec 1
,
1933
Corruption
Hope
People
Poverty
World
You
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I believe and still believe that the Chinese government puts great weight on the experience of the Bank in terms of development.
James Wolfensohn
Government
Great
Experience
Believe
Weight
Puts
Development
Terms
Still
Bank
Chinese
Chinese Government
The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.
James Wolfensohn
You
Build
Pay
Back
About
Cases
More
More And More
Prospect
Most
Terms
Becomes
Limiting
Debt
Interesting
Interesting Thing
Thing
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.
James Wolfensohn
You
World
Water
Financial
Power
Immediately
Financial Assistance
Reconnect
Emergency
Takes
Roads
Well
Because
Ready
Role
Done
Bank
After
Place
Urgently
Bridges
World Bank
Specific
Assistance
Need
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.
James Wolfensohn
World
Poverty
Become
Our
Unless
Way
More
Development
Since
Concerned
Deal
Questions
Going
Children
Then
Peaceful
Peaceful World
Deeply
We have three billion people, half the world's population today, living on less than two dollars a day.
James Wolfensohn
Today
Day
People
World
Three
Half
Living
Dollars
Than
Less
Billion
Population
Two
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.
James Wolfensohn
Best
You
Conflict
Poverty
First
Way
Best Way
About
Prevent
Preventing
First Thing
Dealing
Question
The First Thing
Thing
Need
The poor people of the world tend to be the places that al-Qaeda and other terrorist groups can recruit.
James Wolfensohn
People
World
Other
Tend
Recruit
Terrorist
Places
Poor
Poor People
Groups
Al-Qaeda
You can't wish away poverty overnight.
James Wolfensohn
You
Poverty
Wish
Overnight
Away
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
Money
Year
Significant
Borrowed
Never
Tenure
Most
Know-How
Client
Were
Than
Bank
Just
China
Used
Less
Billion
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
Me
Corruption
Word
Our
Out
Immune
General
Pointed
Counsel
Never
Had
Shareholders
Until
Got
Were
Governments
Quite
Bank
Used
Reason
Number
Most people recognize that to create jobs is really the essential element in their drive against poverty.
James Wolfensohn
People
Drive
Poverty
Recognize
Jobs
Most
Essential
Against
Create
Really
Element
It's probably conventional wisdom now that you bring openness of markets only after the market has developed to a certain level.
James Wolfensohn
Wisdom
You
Market
Markets
Only
Developed
Openness
Conventional
After
Conventional Wisdom
Certain
Certain Level
Now
Level
Bring
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
Generation
People
World
Thought
September
Thinking
Relevance
My Generation
Divided
Had
Developed
Developed Countries
Developed World
Countries
Knows
Parts
Up
Wall
Anybody
Grew
Happened
Poor
Poor People
Us
Who
Many
Now
Round
Two
Rebuilding Afghanistan is not going to be solved by pouring billions in. Getting rid of the Taliban does not rid us of the problems of fundamentalism and instability.
James Wolfensohn
Problems
Solved
Instability
Pouring
Taliban
Does
Getting
Going
Afghanistan
Us
Rid
Billions
Rebuilding
Fundamentalism
I have travelled in the country enough to know that the concerns of villages in Rajasthan will be very different from the issues in the villages of Tamil Nadu. Anybody who makes a general remark about India probably doesn't know India.
James Wolfensohn
Will
Country
Enough
India
About
General
Remark
Know
Concerns
Makes
Issues
Very
Anybody
Different
Who
Villages
Travelled
In a democracy, you can be right and still lose power.
James Wolfensohn
Democracy
You
Power
Lose
Still
Right
You need to have a secure Israel, which is very clear, and you need to have a Palestinian community that feels it can have hope.
James Wolfensohn
Hope
You
Community
Secure
Clear
Feels
Israel
Very
Which
Palestinian
Need
We have made a full frontal attack on corruption. The question is whether we can address the question of governance in developing countries and, particularly, corruption.
James Wolfensohn
Corruption
Made
Address
Attack
Developing
Developing Countries
Countries
Particularly
Governance
Question
Whether
Full
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