A Quote by Muhtar Kent
Growing up, I had a sense of the importance of commerce and trade to everyday life. Our family lived in several countries, and I was fascinated by the free exchange of goods and services between individuals and companies - the way both parties could benefit.
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Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.
We also exchange oil for software technology. Uruguay is one of the biggest producers of software. We are breaking with the neoliberal model. We do not believe in free trade. We believe in fair trade and exchange, not competition but cooperation. I'm not giving away oil for free. Just using oil, first to benefit our people, to relieve poverty.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
I know something about trade agreements. I was proud to help President Clinton pass the North American Free Trade Agreement in 1993 and create what is still the world's largest free-trade area, linking 426 million people and more than $12 trillion of goods and services.
Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts.
I believe in free trade. I don't support regulating trade prices between different regions. Our point of view is we don't want trade barriers between different countries.
In the past, individuals and companies envisioned a lifetime mutual commitment. That's not realistic anymore - nor is it in the interest of either party. So both parties need a more adaptable way to engage each other and co-invest over shorter periods of time for mutual benefit.
Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.
That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that`s where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
There are many examples of companies and countries that have improved their competitiveness and efficiency by adopting open source strategies. The creation of skills through all levels is of fundamental importance to both companies and countries.
The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
As we conduct our negotiations it must be a priority to allow British companies to trade with the single market in goods and services but also, to regain more control of the numbers of people who are coming here from Europe.
Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy.
Through trade reforms, Latin American countries can boost their competitiveness in markets for goods and services.
Growing up in rural Louisiana, the ecosystem around our home wove harmoniously into our family and into our daily life. Every life lesson that trickled its way into my being came from a mutually respectful relationship between the environment and my family.
I grew up in Kolkata in a traditional family. We had friends who lived in mansions just like the one in 'Oleander Girl.' Growing up, I was fascinated by the old house and the old Bengal lifestyle.
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