A Quote by Dambisa Moyo
The fact of the matter is that instead of going around the world and haranguing countries for engaging with China, the West should be encouraging its own businesses to trade and invest in these regions.
Quote Topics
Quote Author
Related Quotes
It's not enough for just us to invest in Utah; more and more, we are encouraging businesses around the world to follow suit. We want them to invest in and become part of Utah's future and to allow Utah to invest and become part of theirs.
My experience to date has been that change, particularly relative to business, rarely happens in a revolutionary way. That isn't to say there are not times when major change happens, but my experience is that particularly when you're encouraging businesses to change of their own volition, the change is more slow over time. I don't think global trade is going to go away. I think it's unlikely that global trade and multinationals are not going to be around.
I'm a pacifist. I believe there are ways to solve the world's problems. Instead of putting all this money to create arms, I think countries should invest in scholarships for kids to study abroad. Perhaps they could become good and knowledgeable professors in their own countries. You need time for that kind of change, though.
The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years. China went into the World Trade Organization and agreed to play by certain rules. Instead, they are illegally subsidizing their exports, manipulating their currency, stealing all of our intellectual property, using sweatshops, using pollution havens. What happens is, our businesses and workers are playing that game with two hands tied behind their back.
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.
To help U.S. workers, farmers and businesses, and America's long-term economic security, Congress should take decisive action to bring about fair trade with China, instead of squandering this opportunity on a weak Republican bill.
To help U.S. workers, farmers and businesses, and Americas long-term economic security, Congress should take decisive action to bring about fair trade with China, instead of squandering this opportunity on a weak Republican bill.
On the one hand the world is getting more integrated and we should not dismiss social values as "Western" when they are actually modern values. On the other hand, individual countries have their own history and their own evolution. Trade unions, for example, don't play the same role in China as they do in Europe or the US.
Yes to trade, but trade that ensures that these other countries that trade with us aren't engaging in child labor.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
I will do my best to transform our trade policy and take on these corporations who want to invest in low-income countries around the world rather than in the United States of America.
Look at a map of the world: the countries which do not trade much, or which trade only in oil and gas, tend to be in regions which suffer the most social and political instability.
We see the tendency in the world to criticise democracy and sometimes even to say that authoritarian countries like China are more efficient. That is very short-sighted. China looks efficient only because it can sacrifice most people's rights. This is not something the west should be happy about.
The world should have stopped, but it didn't. The world kept on going. How can the world just keep on going? An earthquake in India kills a thousand people, and the world keeps on going. A famine in China kills a million people, and the world keeps on going. The twin towers of the World Trade Center buckle and fall, and the world, the world keeps on going.
If we want more trade in the world, we should establish bilateral trade agreements with other democratic countries. That way we can control the decision-making process. The major economic countries of the world will enter into those agreements.
The Western public should learn and remember one essential thing about China: no matter what European and North American propaganda barks about the People's Republic, China is much more "democratic" than the West. It is democratic in its own way.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist