Joan Robinson Quotes

The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

I think that trade is an important issue. Of course, we are 5 percent of the world's population; we have to trade with the other 95 percent. And we need to have smart, fair trade deals.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

Countries trade with one another for the same reasons that individuals, businesses, and regions do: to exploit their comparative advantages.

Wealthy nations cannot grow richer unless they have customers beyond their border.

We have at last awakened to the realization that foreign and domestic trade are not in separate water-tight compartments--that they flow through the same pipes and seek a common level. We cannot live by ourselves, shut off from the balance of the world, without working harm to our economic system that would require many years for repair.

If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.

We are the world's biggest importer. We need to treat the other countries as good suppliers.

The E.U., China, and Japan all talk free trade, and they all practice protectionism.

Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world.

Canada's total exports into global markets reached a record high of $528.8 billion in 2014, the last year with fully available figures. A mere $18.8 billion of those exports went to China.

If you look at China - and frankly, Vietnam now is doing a big number, and you look at Japan and India and Mexico - Mexico's killing us at the border and they're killing us with trade.

It doesn't matter how many televisions and computers and pieces of stereo equipment the Chinese send to us, even if they're sending them to us only in return for some funny, little, green pieces of paper. That is a balanced trade. They got what they wanted: the green pieces of paper. We got what we wanted: the plush toys, the computers, the stereo components.

It so happens that because all the economies are strongly inter-connected and aggregated, there is trade that is happening not just from China to the rest of the world, but from the rest of the world to China as well, and that is going to continue.

With our trade deals we are always second. You can pick any country and they're eating our lunch and making us look bad and so we're going to change that.

Remember, it was Bill Clinton who signed NAFTA, one of the worst economic deals ever made by our country or, frankly, any other country. Never, ever again.

America doesn't make product anymore. You have other countries devalue their currencies. They make it impossible.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

People are always trading their excess for somebody else's excess. One country has a lot of aluminum so they trade aluminum for sugar. It's the law of supply and demand.

A global economy requires a global currency.

There are legitimate concerns and anxieties that the forces of globalisation are leaving too many people behind - and we have to take those concerns seriously and address them. But the answer isn't to turn inward and embrace protectionism. We can't just walk away from trade.

When they talk about raising your taxes, I think raise the taxes on some of these countries that are taking advantage of the United States.

America has hundreds of billions of dollars of losses on a yearly basis - hundreds of billions with China on trade and trade imbalance, with Japan, with Mexico, with just about everybody. We don't make good deals anymore.

We're told we need this trade deal to open up vast markets to American goods, ... But the reality is that most Chinese workers cannot afford to buy the goods that even they make.

In a global economy where our economies and supply chains are deeply integrated, it's not even possible.