Technological advance often thrives in sheltered and subsidized markets, which defy free trade.
--
Chapter 3, Trade, p. 97Robert Kuttner
» Robert Kuttner - all quotes »
Britain and the US are not the homes of free trade; in fact, for a long time they were the most protectionist countries in the world. Not all countries have succeeded through protection and subsidies, but few have done so without them. For developing countries, free trade has a rarely been a matter of choice; it was often an imposition from outside, sometimes even through military power. Most of them did very poorly under free trade; they did much better when they used protection and subsidies. The best-performing economies have been those that opened up their economies selectively and gradually. Neo-liberal free-trade free-market policy claims to sacrifice equity for growth, but in fact it achieves neither; growth has slowed down in the past two and a half decades when markets were freed and borders opened.
Ha-Joon Chang
Behind their fluffy rhetoric about free trade and free markets lurks a hostility toward freedom for ordinary people - and a love affair with police and prisons.
David (professor) McNally
We hear those in the national Congress running around and saying, 'Free trade, free trade, I am for free trade,' when they know free trade is like dry water. There is no such thing.
Ernest Hollings
Some have tried to pose a choice between American ideals and American interests — between who we are and how we act. But the choice is false. America, by decision and destiny, promotes political freedom — and gains the most when democracy advances. America believes in free markets and free trade — and benefits most when markets are opened. America is a peaceful power — and gains the greatest dividend from democratic stability. Precisely because we have no territorial objectives, our gains are not measured in the losses of others. They are counted in the conflicts we avert, the prosperity we share and the peace we extend.
George W. Bush
The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.
Ha-Joon Chang
Kuttner, Robert
Kuyper, Abraham
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z