A Quote by Matt Ridley
The message from history is so blatantly obvious - that free trade causes mutual prosperity while protectionism causes poverty - that it seems incredible that anybody ever thinks otherwise. There is not a single example of a country opening its borders to trade and ending up poorer.
Related Quotes
People say free trade causes dislocation. In actual fact, it's the lowering of trade barriers that causes the dislocation.
To seek "causes" of poverty in this way is to enter an intellectual dead end because poverty has no causes. Only prosperity has causes.
Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its causes, could lead to some loss of dynamism and growth in the region.
Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity.
If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country.
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.
In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.
I am a very big proponent of opening the borders with India. Most of our trade is done through unofficial channels. Why not open the trade?
There are no causes of poverty. To ask what causes poverty is like asking what causes coldit is the absence of energy. Similarly poverty is the absence of wealth. We should ask, ‘what are the causes of wealth?’
poverty has no causes. Only prosperity has causes. Analogically, heat is a result of active processes; it has causes. But cold is not the result of any processes; it is only the absence of heat. Just so, the great cold of poverty and economic stagnation is merely the absence of economic development.
Globalism began as a vision of a world with free trade, shared prosperity, and open borders. These are good, even noble things to aim for.
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.
We've been the foolish country for so long with this free trade, but it's not free trade because it's - you know, just doesn't work. I mean, it's not working. You look at the deficits we have.
Government officials and citizens care about many causes - and they all require resources. For example, I am personally passionate about ending the human trafficking that still occurs within our borders.
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.
One of the major causes of poverty is a lack of family planning. Governments and nonprofit organizations need to encourage poor people to use birth control so that they don't have unexpected babies, which will only make poorer families poorer.
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