A Quote by C. J. Cherryh
Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.
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I know something about trade agreements. I was proud to help President Clinton pass the North American Free Trade Agreement in 1993 and create what is still the world's largest free-trade area, linking 426 million people and more than $12 trillion of goods and services.
Globalisation means many things. At one level, it talks of trade, which since the 16th century has exchanged goods and now, increasingly, ideas and information across the globe. But globalisation is also a view of the world - it is an opinion about man and why men are on the world.
I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
The explosion in access to mobile phones and digital services means that people everywhere are contributing vast amounts of information to the global knowledge warehouse. Moreover, they are doing so for free, just by communicating, buying and selling goods and going about their daily lives.
We're told we need this trade deal to open up vast markets to American goods, ... But the reality is that most Chinese workers cannot afford to buy the goods that even they make.
The EU has made it very clear that for frictionless trade and no tariffs on goods there is a mechanism for achieving that, but there are consequences. There are trade-offs that will have to happen.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
Since shotguns are not military weapons, your local sporting goods dealer will have good information about them, as long as you aren't black, Spanish, or a white freak.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
Trade carried by sea has grown fourfold since 1970 and is still growing. In 2011, the 360 commercial ports of the United States took in international goods worth $1.73 trillion, or eighty times the value of all U.S. trade in 1960.
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.
If China is helping its domestic industries charge an artificially low price for solar panels and other environmental goods, then China is violating international trade rules that it agreed to when it became a member of the World Trade Organization.
You can either invade a country or leave them alone and trade with them. When goods cross borders, armies don't.
Everyone is now a customer or client, and every relationship is ultimately judged in bottom-line, cost-effective terms. Freedom is no longer about equality, social justice, or the public welfare, but about the trade in goods, financial capital, and commodities.
Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.
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