Statehood is not a model for economic development; it is simply a way to organize a federation. What statehood does in fiscal and economic terms is apply uniform rules of the game to all states.
What Asia's postwar economic miracle demonstrates is that
capitalism is a path toward economic development that is potentially
available to all countries. No underdeveloped country in the
Third World is disadvantaged simply because it began the growth
process later than Europe, nor are the established industrial powers
capable of blocking the development of a latecomer, provided
that country plays by the rules of economic liberalism.
There will be no peace in Europe if the States rebuild themselves on the basis of national sovereignty, with its implications of prestige politics and economic protection... The countries of Europe are not strong enough individually to be able to guarantee prosperity and social development for their peoples. The States of Europe must therefore form a federation or a European entity that would make them into a common economic unit.
The Soviet Union represents a threat in terms of might. It is a joke in terms of its economy and what it has to offer the Third World - a laughingstock to countries that are looking for an economic-development model.
Turkey is a model of economic and social development, especially in terms of human resources and regional cooperation.
Not even a superpower can hold onto its economic sovereignty if it fails to get its fiscal house in order, and no one needs a well-regulated international economic order more than the United States.
If Canada could simply apply the basic principles of sustainable development, such as the internalization of costs and 'polluters pay,' it would have long-term beneficial effects, both environmental and economic.
The economic interpretation of history does not necessarily mean that all events are determined solely by economic forces. It simply means that economic facts are the ever recurring decisive forces, the chief points in the process of history.
Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.
Puerto Ricans are United States citizens, and I think that the issue of statehood or independence needs to be addressed and needs to be resolved.
Take a look at NAFTA, one of the worst deals ever made by any country having to do with economic development. It's economic un development as far as America is concerned.
Peace, development, and justice are all connected to each other. We cannot talk about economic development without talking about peace. How can we expect economic development in a battlefield?
China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.
Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.
I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.
There can be no security anywhere in the free world if there is no fiscal and economic stability within the United States.
The realization of a sustainable economic development strategy for Maine's Native American communities has always been a priority and a critical element of my administration's overall economic development strategy.