W. Averell Harriman Quotes

Economic diseases are highly communicable. It follows, therefore, that the economic health of every country is a proper matter of concern to all its neighbors, near and distant. Only through a dynamic and a soundly expanding world economy can the living standards of individual nations be advanced to levels which will permit a full realization of our hopes for the future.

The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness.

Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer.

Not even a superpower can hold onto its economic sovereignty if it fails to get its fiscal house in order, and no one needs a well-regulated international economic order more than the United States.

The leaders of the world's largest economies agreed during the November 2008 G20 summit not to create barriers hindering global trade and capital flows. Russia shares these principles.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

National security must include international economics as it became clear that the U. S. economy was powerfully affective by economic policies in dozens of other countries.

The commerce of the United States is essential, if not to their existence, at least to their comfort, their growth, prosperity, and happiness. The genius, character, and habits of the people are highly commercial. Their cities have been formed and exist upon commerce. Our agriculture, fisheries, arts, and manufactures are connected with and depend upon it. In short, commerce has made this country what it is, and it can not be destroyed or neglected without involving the people in poverty and distress.

Without international economics getting done, foreign policy doesn’t get done.

I am in favor of helping the prosperity of all countries because, when we are all prosperous, the trade of each becomes more valuable to the other.

If the United States does well [economically], then the whole world does well.

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.

More travel to America would lower our trade and budget deficits.

In general, global economic growth supports Russian economy.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

So the American economy needs the world, and the world needs the American economy.

Got to build that business base and then you can fund all the things people want: education, health care, strong law enforcement, roads, bridges, infrastructure - all those things flow from that economic base.

We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.

The benefits from a world currency would be enormous.

The United States is going to be a rich country, it is going to be prosperous, but it is not going to be able to take the lead in the next phase of global economic development.

Gains in corporate profits depend in large part on accelerating global economic growth.

Sound money is the sine qua non of a prosperous society.

I don't want the United States to be in a global economy where our economic future is bound to that of Zimbabwe. We can't necessarily trust the decisions that are being made financially in other countries.

The global economy is in pretty good shape.