A Quote by Robert Gilpin
Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.
Related Quotes
The biggest trade that Germany and Britain had was with each other, in the prewar period; I think I'm right in that. Two highly industrialized nations had the most trade with each other, and it wasn't tariff policies alone that made trade relations better for both of them.
The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of all the branches of economic theory, trade theory is the most wrongheaded.
Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.
I have learned some core lessons along the way. Among the most important, I have become a firm believer that a strong geopolitical relationship can be born out of a strong economic relationship, which often begins with trade.
The economic importance of maintaining strong trade relations with our two closest neighbors cannot be overstated. Any decision negatively affecting the free flow of trade from Missouri to Canada and Mexico would have undesirable economic consequences. Thousands of jobs and billions of dollars are at stake.
If the resources of different nations are treated as exclusive properties of these nations as wholes, if international economic relations, instead of being relations between individuals, become increasingly relations between whole nations organized as trading bodies, they inevitably become the source of friction and envy between whole nations.
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.
The Trans-Pacific Partnership trade agreement is a continuation of other disastrous trade agreements, like NAFTA, CAFTA, and permanent normal trade relations with China.
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.
Brexit is not ideal. I'm famously not a Brexit negotiator, but relations between Ireland and the U.K. have been getting stronger, and a big part of that has been trade and feeling like sister countries within the E.U. I don't think it will affect the 'vibe' of relations, but it will have a significant effect on trade and business.
Free trade is very important if we respect equality among nations.
There's a lot of exaggerated talk about CAFTA, but it's actually a fairly routine trade agreement. Although it involves fairly small nations, they're still more important trade partners than places like Australia or many other larger nations.
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.
Third, we will make trade work for America by forging new trade agreements. And when nations cheat in trade, there will be unmistakable consequences.
No good libertarian I know wants us to completely isolate ourselves from the rest of the world. It's not even possible. I mean there are economic ties - there are trade routes that need to be secured. You know international trade can't happen if you don't have open oceans.
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