Kenneth Rogoff Quotes

Mexican exports worldwide benefit the U.S. economy because of their high percentage of U. S. content.

I think because we're such a trading nation, I think Canadians understand that first and foremost we're part of the global economy.

The people who are banking on Oriental trade are bound to be disappointed. The United States cannot compete with foreign countries until we can manufacture products at a lower cost, which means cheaper labor

Tell me how poor Ireland, exhausted and drained of her life-blood at every pore, with a population almost wholly agricultural and unused to mechanical pursuits, is to establish new factories, and where she is to find the customers to keep them going. She cannot create new markets. This world is only limited after all, and the nations of Europe are pushing their way into its remote corners so rapidly that in a few years time, at most, the entire world will have been exhausted as a market ...

Under the guise of trade deals and trade agreements, its [free trade] really been used to keep workers in the world suppressed in terms of their wages or qualities of life.

I want a trade that is not trickle-down trade, but trade that recognizes we're in a global economy.

Offshoring is only the latest manifestation of the gains from trade that economists have talked about at least since Adam Smith… More things are tradable than were tradable in the past, and that’s a good thing.

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

One by one, trade and investment barriers will continue to be swept away by globalization, like leaves on an autumn day…The new challenge will be less to regulate relations among national economies, than to establish the rules and structures of a transnational economy.

Before the war the trade agreements program was an instrument for defense against the epidemic of destructive and demoralizing trade warfare. Today, with the end of the great holocaust finally within sight, this same instrument is transformed into a powerful device for shaping a better world.

Most globalism opposition groups believe “that the foreign trade policy- making process was undemocratic and that it elevated global concerns over domestic ones.” Non-elected bureaucrats working largely behind closed doors were responsible for setting international trade rules that affected agriculture, services, trade-related investment measures, intellectual trade in goods; and over-saw a binding international dispute settlement process with little (if any) input from the domestic citizens and groups who would be affected by these economic rules and political mechanisms.

We're part of a global economy whether we like it or not.

There is no way out of playing by the rules of the international economy if you wish to be a part of it.

America has a right to demand that the world’s markets are open to our products …

More and more we must build our foreign policy around commerce.

Let’s export American products, not American jobs.

Economies that are open to trade grow faster.

In the long run, trade works for America.

We have quit discussing the tariff, and have turned our attention to getting trade wherever it can be found.

It must become a nation of free traders, which would throw open its ports to the world, and prove to European nations that the colonial system of restriction and monopoly was founded on delusion

The farmers in America who are raising wheat and beef and cotton, and the great multitudes engaged in manufacture, depend for the rewards of their labor largely upon the orderly continuance of purchase, consumption and payment by the people of other countries. It would be a real misfortune to the American breakfast table if Brazil ceased to produce coffee and Cuba ceased to produce sugar and China ceased to produce tea.

[Foreign] Trade is necessary to modern comfort and prosperity.

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.

The benefits of trade diffuse across the economy, but the cost of trade are concentrated.

We are only 5 percent of the world's population and 20 percent of the world's economy. We have to be able to trade in order to grow.