A Quote by Ruth Davidson
I just don't accept that there is a trade off between trade and democracy ... what we've got now is an institution that has utterly outgrown its roots which were noble... the real difference was the introduction of the euro.
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People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
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.
I actually do not believe that Trump is anti-trade as such. He himself was a life-long trader in his own area, the real estate sector. And hasn't he just closed an arms deal with the Saudis valuing over $100 billion? The difference is that Trump sees trade as something with a winner and a loser. This seems to be a theme of his, and that makes us different. For us, trade is something where both sides win.
How would you describe the difference between modern war and modern industry-between say, bombing and strip mining, or between chemical warfare and chemical manufacturing? The difference seems to be only that in war the victimization of humans is directly intentional and in industry it is "accepted" as a "trade-off." Were the catastrophes of Love Canal, Bhopal, Chernobyl, and the Exxon Valdez episodes of war or of peace? They were in fact, peacetime acts of aggression, intentional to the extent that the risks were known and ignored.
Right now, you've got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you've reunited the trade with the settlement. They're not two separate processes.
My fellow economists and academics fail to understand the economics of trade in the real world. Traditional models of academia respect free trade without considering whether it is fair trade.
The difference between the Parthenon and the World Trade Center, between a French wine glass and a German beer mug, between Bach and John Philip Sousa, between Sophocles and Shakespeare, between a bicycle and a horse, though explicable by historical moment, necessity, and destiny, is before all a difference of imagination.
NAFTA is a horrible agreement, one of the worst trade deals ever. It's just one of the worst. Although TPP, which I terminated before it got signed - before it got finished, someday hopefully people will be thanking. That would have been one of the great disasters of all times, in terms of trade.
Trump said we got snookered. That those agreements like NAFTA were the worst agreements ever and suggested that our trade negotiators were snookered by these smart negotiators from Mexico or Africa. It is laughable. I have watched these trade negotiations. We got what we wanted.
Trade wars arent started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another countrys industries.
There does not have to be trade-off between growth and social protection. A democracy does not mean much if it doesn't respond to the needs and will of its people.
A country like France now does two-thirds of its trade within the euro zone.
I guess the argument is you chose to be in the public eye and, therefore, you're giving your life up for a certain level of scrutiny and you've got to accept that. The trade-off between being on 'Love Island' and not being on 'Love Island' is very skewed into the positive.
Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.
President Bush left for Canada today to attend a trade summit. Reportedly, the trade summit got off to an awkward start when the president pulled out his baseball cards.
Trade wars aren't started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another country's industries.
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