A Quote by Robert Gilpin

In many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.

Robert Gilpin

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Adjustment Advantage Advantages Believed Changing Comparative Comparative Advantage Costs Domestic Further Many Outweigh Patterns Social Societies Trade

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Robert Gilpin
American - Scientist
Born: 1930

Climate change is hugely exacerbated by changing patterns of how we choose to live, often in danger zones such as extremely vulnerable coastal zones - from New Jersey to the Philippines. This enormously increases the economic and human costs of hurricanes, rising seas and changing weather patterns.

Nicholas Kristof

For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date.

Laurent Fabius

If we are to garner sustained U.S. domestic support for future trade agreements, we have to make sure those Americans who have suffered as a consequence of past agreements have an effective social safety net, adjustment assistance, opportunities for retraining and new job creation that enables all Americans to thrive.

Susan Rice

We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.

Joseph Stiglitz

The reason we form networks is because the benefits of a connected life outweigh the costs. It's to our advantage as individuals and a species to assemble ourselves in this fashion.

Nicholas A. Christakis

Firms gain comparative advantage from how good their people are. Retaining and attracting talent is a key point of competitive advantage in the global economy. We are seeing that play out, and there are implications for Australia, too. The idea that companies now compete on who can pay their workers the lowest - that's all changing.

Scott Morrison

By reducing trade barriers, improving intellectual-property protections, and setting international rules of the road, TTIP has the potential to improve America and Europe's global competitiveness and strengthen their comparative advantages.

Joe Kaeser

Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.

Stephen F. Lynch

We are all atheists about most of the gods that societies have ever believed in. Some of us just go one god further.

Richard Dawkins

Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.

David Autor

People still cling to this belief that innovation is just random and unpredictable. But if you look closely, there are some real patterns. The companies that recognize and take advantage of those patterns have the real opportunity to create competitive advantage.

Clayton Christensen

A revolution in humanity's use of fossil fuel-based energy would be necessary sooner or later to sustain and to extend modern standards of living. It will be required sooner if we are to hold the risks of climate change to acceptable levels. The costs that we bear in making an early adjustment will bring forward, and reduce for future times, the costs of the inevitable eventual adjustment away from fossil fuels.

Ross Garnaut

The tremendous and still accelerating development of science and technology has not been accompanied by an equal development in social, economic and political patterns …it is safe to predict that… such social inventions as modern-type capitalism, facism and communism will be regarded as primitive experiments directed towards the adjustment of modern society to modern methods

Ralph Linton

Sadly, too many corporate leaders still believe that the way to boost productivity and profits is to continually reduce salaries, benefits, and training expenditures, a strategy that can be taken only so far. At a certain point in a developed society, salaries and benefits can't be slashed further and, in the long term, comparative economic advantage then must be realized through the effective mobilization of an educated, engaged, and loyal workforce.

James O'Toole

We need to move from comparative advantage to perpetual advantage.

Max McKeown

To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.

Bjorn Lomborg

A Quote by Robert Gilpin

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