A Quote by Gita Gopinath
To help resolve conflicts, the rules-based multilateral trading system should be strengthened and modernized to encompass areas such as digital services, subsidies, and technology transfer.
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I am in a traditional financial services business - but we at Fidelity can see that the evolution of technology is setting our industry up for disruption. What if this technology could do for the transfer of value what the Internet did for the transfer of information?
While free trade purists have always rejected regional and plurilateral trading arrangements, the WTO's charter chose to be pragmatic and regarded RTAs and FTAs as building blocks of, rather than barriers to, the multilateral trading system.
There is a need for greater multilateral cooperation to resolve trade conflicts, to address climate change and risks from cybersecurity, and to improve the effectiveness of international taxation.
Science cannot resolve moral conflicts, but it can help to more accurately frame the debates about those conflicts.
It appears that President Trump wishes to disrupt the global multilateral trading system as much as possible.
An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality of services in response to changing technology and changing demand.
We got the Iran sanctions done. We got an agreement by Russia to allow us to use Afghanistan to transit supplies for our forces. We got a Security Council resolution on Libya. We got Russia into the WTO to bring in to it a rules-based trading system. All of those things were in our interest. The point is not whether we should work with Russia. The point is whether we should sacrifice other important interests to do so.
Trying to get a common set of trading rules right down to very simple things like paperless customs arrangements and telecommunications services and all those things that will help lower the cost and increase the ease of doing business across the region.
Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.
Expressing our vulnerability can help resolve conflicts.
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.
I want China to stop appropriating our technology. China is, through forced technology transfer and through stealing our technology, but really forced technology transfer, is cutting out the beating heart of American innovation.
We will continue to invest in high-growth areas... with a particular focus on digital, cloud, and security services.
The role of art in society is not to resolve conflicts; rather, it is to express these conflicts and antagonisms.
With the support and dedication from employees at every level of the company, we've been successful in expanding supplier diversity in many areas, including traditionally challenging areas such as construction services, legal and professional services.
The way the textbook works is you have gains from trade that should be distributed across all the trading partners. As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe, and over time, it threatens the entire integrity of the global financial system and the global trading system.
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