A Quote by Arthur Lewis
Trade allegedly does not foster growth because when it begins, a flood of imports of factory origin destroys the handicraft manufacturing of the less developed country: the models for this are the effects of British exports of textiles and of iron in India and Chile in the first half of the nineteenth century.
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You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
Anyway, what is a country? When people say, "Tell me about India," I say, "Which India?.... The land of poetry and mad rebellion? The one that produces haunting music and exquisite textiles? The one that invented the caste system and celebrates the genocide of Muslims and Sikhs and the lynching of Dalits? The country of dollar billionaires? Or the one in which 800 million live on less than half-a-dollar a day? Which India?"
Here`s what the rest of the world does that we don`t do. They take the tax off of their exports and place a tax on their imports. We do the opposite. We tax our exports and don`t tax our imports.
Clearly, there needs to be an increase in the capacity of the railway system. That's why there are these projections of increasing the capacity to carry freight on the railways by 30% over the next five years or so, because the volume of goods moved up and down, imports, exports, and within the country, has grown much larger than the capacity. And this is part of the higher costs to business, because charges, for instance, at the ports become too high and they put up the prices of these goods, whether they are imports or exports. You want to reduce that.
In this 21st century world, some of our country's most significant exports and imports extend beyond goods and services: They also include innovation, knowledge, discovery, and healing.
The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
'Smart growth' destroys the environment. 'Dumb growth' destroys the environment. The only difference is that 'smart growth' does it with good taste. It's like booking passage on the Titanic. Whether you go first-class or steerage, the result is the same.
Given that the nineteenth century was the century of Socialism, of Liberalism, and of Democracy, it does not necessarily follow that the twentieth century must also be a century of Socialism, Liberalism and Democracy: political doctrines pass, but humanity remains, and it may rather be expected that this will be a century of authority ... a century of Fascism. For if the nineteenth century was a century of individualism it may be expected that this will be the century of collectivism and hence the century of the State.
The British seizure of Hongkong was an aspect of one of the most ugly crimes of the British Empire: the takeover and destruction of India, and the use of India to flood China with opium.
The basis for securing preferential future trade terms with India begins in that recognition of essential equality. Indeed it begins in recognising that India is now an emerging global superpower whose primary interests are regional in South East Asia and who needs a deal with the U.K. less than we need one with her.
Decades from now, people will look back and wonder how societies could have acquiesced in a sex slave trade in the twenty-first century that is... bigger than the transatlantic slave trade was in the nineteenth. They will be perplexed that we shrugged as a lack of investment in maternal health caused half a million women to perish in childbirth each year.
India's trade deficit is because of excess of import over exports.
'In the nineteenth century, we beat the British more than once,' Afghans often told me. 'In the twentieth century, we beat the Russians. In the twenty-first, if we have to, we'll beat the Americans!'
I supported the Korean Trade Agreement in 2011. They promised - when it was signed, President [Barak] Obama said it would increase our exports to Korea by $10 billion a year.That creates jobs in America.Since - last year, 2015, there was no increase, like instead of billions of dollars there was like a $100 million increase in our exports to Korea, whereas as their imports to us went up $12 billion, and our trade deficit increased 240 percent.
I'm not a twentieth-century novelist, I'm not modern, and certainly not postmodern. I follow the form of the nineteenth-century novel; that was the century that produced the models of the form. I'm old-fashioned, a storyteller. I'm not an analyst, and I'm not an intellectual.
Many of the received models of modern architecture and planning owe their ultimate origin to the building code and public health reform movements of the second half of the 19th century.
