Elaine Chao Quotes

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

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.

I think essentially if you look at British public debate around the issues of our interconnectedness with the global economy you do not find a ready audience, of any large scale, for pulling up the shutters.

If we didn't have the rest of the world growing, the United States economy would be in much worse shape than it is today.

I was quite ready to accept certain restrictions on the United States. After all, there was a great dollar shortage. It was quite clear that the more prosperous Europe became, the more business there would be in the United States.

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.

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.

International economic cooperation has delivered benefits to the United States and other countries that would have been impossible to attain otherwise.

If the United States loses the economic weapons of control, it is very much weakened.

The age of economic relations as the primary arena for interactions between states is already upon us.

When our economy grows, it is good for the world. When the world economy grows, it is good for the United States.

We're so interdependent, and what one country does is such an important part of what happens in the global economy.

In a globalized economy, it's very difficult for the U.K. to go it alone. Don't listen to politicians. Politicians say if the U.K. leaves, things will be better. I'm telling you, leaving could make things worse.

The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.

The regime of globalization promotes an unfettered marketplace as the dynamic instrument organizing international relations.

Globalization is a fact of economic life.

We were talking about really getting Europe on its feet. It was our hope that there would be a breakdown of trade barriers in Europe first, and then eventually a breakdown internationally, which would help increase trade with Europe.

The question is what will Mitt Romney do as president if his policy is simply to be hands off and let the government be made so small it can be drowned in a bathtub. In the 21st century global economy, no state alone has the ability to compete against China.

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.

When America closes its doors, so does everybody else. We are the primary engine of growth in the world and we are the only beacon of free trade left, and open markets.

People now realize that globalization is not only for the multi-nationals and the circulation of money.

Because I come from a place like Jamaica, which is a small, open economy, I viscerally get the importance of the global economy.

As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.

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.

A key U.S. initiative in this trade war must be to develop reliable trading partners in the world.