"One has to realize that the powerful industrial groups concerned in the manufacture of arms are doing their best in all countries to prevent the peaceful settlement of international disputes, and that rulers can achieve this great end only if they are sure of the vigorous support of the majority of their peoples."

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I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world.

— Juan Somavia