A Quote by Michael Spence

On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.
With global rules for global supply chains, we can end corporate greed.
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.
As it is, the grotesque distortions of the global market mean that for every dollar the West dispatches to Africa in the form of aid, two dollars are clawed back through subsidies and tariff barriers: a monumental rip-off by the rich as they instruct the poor to accept 'free' trade or else.
When corporations refuse to practice due diligence by not establishing grievance mechanisms for remedy of abuses against the hidden 94% of their workforce in their global supply chains, they perpetuate a depraved model of profit-making that has driven inequality to a level now seen as a global risk in itself.
Pretty soon, we should see a few large regional blocs dominating global trade. The ones that lower trade barriers faster will grow faster...
In a global economy where our economies and supply chains are deeply integrated, it's not even possible.
Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.
With a global society hungry for luxury, distribution and supply chains are now as important for executives as a hands-on feel for products.
I am financing global pictures with global talents. Of course I will bring in the Chinese elements, yet you have to have global talents to create a global picture.
Global supply chains are founded on a Darwinian model that rewards employers who treat working people as less than human.
Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.
I think we're in a global crisis of unprecedented scale, with global warming and climate change, and we don't have the solution using any of the separated structures that are attempting to solve these issues, whether it be the United Nations, or the global corporations.
We might hope to change the world through better, bigger programs to stop global warming, but global warming will not end unless people become less greedy and less wasteful, gaining a fresh vision of what it means to love our global neighbor.
Our great civilization, here in America and across the civilized world has come upon a moment of reckoning. We've seen it in the United Kingdom, where they voted to liberate themselves from global government and global trade deal, and global immigration deals that have destroyed their sovereignty and have destroyed many of those nations.
The North American Free Trade Agreement marked a fundamental change in the global trade scheme.
We have international standards regulating everything from t-shirts to toys to tomatoes. There are international regulations for furniture. That means there are common standards for the global trade in armchairs but not the global trade in arms.
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