A Quote by Christine Lagarde

People can buy the kind of things they consider as normal and take for granted because of globalization and trade and use of supply chains and the reduction of the cost base of the manufacturing of some products.
Buy products of genuine lasting value from brands that take their manufacturing seriously. I have things that are 75 years old, like the dinner suit of my grandfather's that was made in 1933 by a tailor in Edinburgh. Clothes develop stories. You can remember where you've been through clothing that you've worn. I want products that are going to endure. I hate that we buy things that are disposable. We need to buy products with integrity.
Globalization has taken a hit in that there is some sand in the gears because most of us have supply chains that are all over the world that we've had to lengthen.
Foreign trade clearly holds down the cost of products we buy.
The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.
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.
We have done a lot of work on cost reduction, getting ourselves lean, reducing our breakeven, reducing our fixed cost and increasing exports. All of these factors help because our export basket is not just automotive but also includes industrial products, railways and others.
One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.
The Dutch must be understood as they really are, the Middle Persons in Trade, the Factors and Brokers of Europe... they buy to sell again, take in to send out again, and the greatest Part of their vast Commerce consists in being supply'd from All Parts of the World, that they may supply All th World Again.
The rise of globalization, the rise of finance capital, the elimination of the manufacturing base, the decimation of the working class, particularly in terms of those who had some comforts that approximated what the middle class had.
Consider what kind of car you get. Buy cars and other products that have the least impact environmentally.
Globalization exists but we shouldn't conflate globalization with trade agreements. Trade agreements is how we can shape globalization.
There is no business in the world - I don't care what it is, whether it's I.T. or manufacturing - that does not have what I may refer to as a blended resource base. You have high-end work. You have engineering work. You have some local knowledge you require. Then, you have some very low-cost work to be done.
I wouldn't trade the childhood we had because, A, It was normal to me, even though, in hindsight, it's not normal. It felt normal, and I think we maintained a pretty normal healthy attitude towards what we did. And B, I just wouldn't trade it, the experience that we had and the growth we've had.
Canada, the United States and Mexico, we developed these energy reserves that we have in this North American region. And you can see a not only driving down the cost of electricity but a major manufacturing boom in this country. Couple that with tax policy, reduction, reducing the corporate tax rate, and that I think a renaissance in manufacturing like we've never seen in this country and really drive the economy.
These are young people who made mistakes that aren't that different than the mistakes I made and the mistakes that a lot of you guys made, we have a tendency sometimes to almost take for granted or think it's normal that so many young people end up in our criminal justice system. It's not normal. ... What is normal is teenagers doing stupid things.
Most people who use the Internet seem take its nature and characteristics for granted, like we take air and water for granted.
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