The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Interpretation
The quote emphasizes the importance of considering the global impact of national policies.
Raghuram Rajan's quote highlights the necessity for nations, particularly the U.S., to be mindful of how their policies affect other countries. It advocates for a broader ethical perspective in governance, urging leadership to prioritize global welfare over narrow national interests, suggesting that a truly just policy should reflect kindness and responsibility towards the international community.
In practice
In a speech advocating for climate change action, this quote can emphasize the importance of international cooperation.
Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
The gap in India has always been between the promise and the execution.
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.
It seemed impossible that there could be people in the world who still desired food, who laughed, who neither knew nor cared that Sirius Black was gone forever.
Mythology is often defined as 'other peoples' religions', religion can be thought of as misinterpreted mythology.
God dwells wherever man lets Him in.
Fundamentally, mankind was unimportant in the ecological system. Then, in one fell swoop, an evolutionary blink of an eye, the human race is transformed from something unimportant to the most important thing in the world.
The continual looking forward to the eternal world is not a form of escapism or wishful thinking, but one of the things a Christian is meant to do.
OBSTINATE, adj. Inaccessible to the truth as it is manifest in the splendor and stress of our advocacy.
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