Much individual enterprise in industry does not make for industrial progress. A larger and larger proportion of the energy given out in trade competition is consumed in violent warfare between trade rivals and is not represented either in advancement of industrial arts or in increase of material wealth.
J.A. HobsonRelated topics
advancement given increase industrial industry trade warfare wealthRelated quotes
Instead, unchecked by competition [by the USSR] to "win the heart and minds" of those in the Third World, the advanced industrial countries actually created a global trade regime that helped their special corporate and financial interests, and hurt the poorest countries of the world.
Joseph Stiglitz
Our future as an industrial and trading nation depends on the success of our export drive. Increased production and increased exports are vital to the health of the shipping industry... Our fundamental need is still increased production to enable us to increase our volume of exports and so pay for our imports... That is the need of the country to-day.
Clement Attlee
International trade theory has, in my opinion, given far too much attention to the effects of certain variations, for example, in duties, on the national incomes, and too little to the effects on individual incomes. In many cases, changes in the sums count for very little, while changes in the individual incomes are distinctly relevant.
Bertil Ohlin