Lucy Powell Quotes

China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.

Globalization has very materially improved the standard of living in the Unitied States... as it has for those countries that have chosen to operate with free trade…. Although none of us likes our competitors, competition has greatly improved our standard of living.

South Africa has all the tools to compete in the new global village - an eager workforce, ready to take on any challenge.

There are supply chains that exist in China and Asia now which the U.S. simply can't replicate.

If you're a global company you are going to have jobs overseas. The reality is if we start taxing those jobs at a rate that makes them noncompetitive in those markets, the reality is that we're going to lose business.

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.

If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.

The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.

Globalised manufacturing and procurement mean that a lot of high-polluting, heavy duty jobs are transferred to China. We will ask major companies, such as Wal-Mart, Microsoft and IBM to put pressure on their Chinese suppliers.

Global capitalism means that people are no longer confined by the decisions of national elites. These could be the local monopolies, the local powers, politicians, and so on. By making local powers compete or by bypassing them altogether, globalization gives people more freedom to decide.

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

You beat China by outcompeting them, by dominating the new technologies: wind, solar, electric vehicles, artificial intelligence, additive manufacturing. We should be reinvesting back in the United States and beating them on the economic playing field.

The right focus for the U.S. is on advanced manufacturing - something that requires innovation.

The world has changed. It's not enough to simply buy American; we have to sell American, sell our products and goods and services throughout this world.

The American multinational companies made millions and millions of dollars from globalization.

As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities.

Jobs offshoring began with manufacturing, but the rise of the high-speed Internet made it possible to move offshore tradable professional skills, such as software engineering, information technology, various forms of engineering, architecture, accounting, and even the medical reading of MRIs and CT-Scans.

Taiwan must find its own way. We have been emphasizing too much the manufacturing business. We have to become more high-tech, more innovative, and provide more value. We can't always insist on the value of low-cost production. We have to invest more in R&D to get high-value business.

Our competitors outside Europe are manufacturing goods cheaper and better. Through innovation, other countries are producing new products which we do not make yet, but which we could.

To ensure that the free world continues to set the rules of the road in the global economy, America and its allies must work together to continue to be the world's centers of innovation and technological advancement.

For a country like India, which, unlike China, has domestic market for which manufacturing happens, manufacturing also happens for export.

There is no reason that America can't compete in a global economy, and I love being one small proof point in that.

Trade and globalization are here to stay.

Globalisation, for me, seems to be not first-order harm, and I find it very hard not to think about the billion people who have been dragged out of poverty as a result.

Ensuring that the benefits of globalisation are shared widely remains a challenge.