A Quote by Jerome Powell
Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any given value of final production, thus adding to the major expansion in gross trade flows in the 1990s and 2000s.
Quote Topics
Quote Author
Related Quotes
It is quite plausible that the process of increased fragmentation of production across borders is subject to 'diminishing returns' and has its natural limits.
Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.
We need to realize that the economic situation between Mexico and the United States is not just one in which we trade with one another. We make things together. We have shared production platforms. Cross-border trade is part of a single production process, and while apparently the Trump administration will seek to re-examine elements of that production platform, it is what it is and won't be easily dismantled.
For a small country like Norway, it's important for our ability to trade and to invest across borders that we have fair trade and that we have multilateral trade systems, also.
What exactly is trade facilitation? In a nutshell, it is an effort to enable global trade by reducing red tape and streamline customs. In even simpler words: making it easier for companies to trade across borders.
Oil production should peak out around the world in the early 1990s...That means in five years' time we may have chewed up most of the possibility of further expansion of oil production.
I think it is important that we should be on the side of keeping borders open with respect to trade and movement of factors of production.
But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?
Trade wars arent started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another countrys industries.
Only in more production and in new production can the American standard of living be increased and the economy be sound.
In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted across borders.
Sustainable production and consumption matter immensely to the people I meet every day as head of the International Trade Centre, which works with small and medium-sized enterprises (SMEs) to help them boost growth and job creation by improving their competitiveness and connecting to international markets.
Trade wars aren't started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another country's industries.
God is the creativity, so if you really want to enter into the world of God you will have to learn the ways of creativity - and that has disappeared. Instead of creativity we value productivity: we talk about how to produce more. Production can give you things but cannot give you values. Production can make you rich outwardly but it will impoverish you inwardly. Production is not creation. Production is very mediocre; any stupid person can do it, one simply needs to learn the knack of it.
We are willing to consider any rebalancing as long as it's through trade expansion, not through trade restriction. As long as it's about how can we buy more from each other, we're willing to work that way.
We are already witnessing a transformation in the U.S. economy to increased production of lower carbon energy through fuel switching to natural gas and expansion of wind, solar, geothermal, and other renewable non-carbon intensive energy sources.
Related Authors
Andrew Yang Quotes
American
Public Servant
Ben Bernanke Quotes
American
Public Servant
David Frum Quotes
American
Public Servant
Elizabeth Warren Quotes
American
Public Servant
Henry Paulson Quotes
American
Public Servant
James Comey Quotes
American
Public Servant
Janet Reno Quotes
American
Public Servant
Janet Yellen Quotes
American
Public Servant
Karren Brady Quotes
British
Public Servant
Michael Hayden Quotes
American
Public Servant
Mohammed Saeed al-Sahaf Quotes
Iraqi
Public Servant
Paula White Quotes
American
Public Servant
Samantha Power Quotes
Irish
Public Servant
Steve Bannon Quotes
American
Public Servant
Vivek Murthy Quotes
American
Public Servant
Wendy Kopp Quotes
American
Public Servant