A Quote by Kevin Hassett

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.
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.
Negotiating sugar trade in bilateral free trade agreements is a recipe for disaster for the U.S. sugar industry, and it is unnecessary.
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.
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.
You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.
We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.
It appears that President Trump wishes to disrupt the global multilateral trading system as much as possible.
The government must nurture an eco-system where the economy is primed for growth; and growth promotes all-rounddevelopment. Where development is employment-generating ; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all. That is my concept ofeconomic good governance and all round development.
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.
To open up new markets and create American jobs, we need to make global bilateral free trade agreements a priority as they were under the Clinton administration.
Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.
Reforms aimed at increasing an economy's flexibility are always hard - and even more so at a time of weak growth - because they require eliminating protections for vested interests in the short term for the sake of greater long-term prosperity.
The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.
Development of seamless physical connectivity is key for achieving regional growth, employment, and prosperity.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors.
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