“Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.”

— Robert Gilpin

Source: The Political Economy of International Relations (1987), Chapter Five, The Politics Of International Trade, p. 171

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to th…" by Robert Gilpin?

Robert Gilpin41

Political scientist 1930–2018

James Grier Miller (1916–2002) biologist

Living Systems: Basic Concepts (1969)

“Trade is simply too important for economic development to be left to free trade economists.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, More trade, fewer ideologies, p. 83
Context: The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

“The Canadian government has a closer relation to economic activities than most governments. The trade in staples, which characterizes an economically weak country, to the highly industrialized areas of Europe and latterly the United States, and especially the fur trade, has been responsible for various peculiar tendencies in Canadian development. The maintenance of connections with Europe, at first with France and later with Great Britain has been a result. The diversity of institutions which has attended this relationship has made for greater elasticity in organization and far greater tolerance among her peoples.”

Harold Innis (1894–1952) Canadian professor of political economy

Conclusion, p. 401.
The Fur Trade in Canada (1930)

“By one estimate, 90% of international transactions were accounted for by trade before 1970, and only 10% by capital flows. Today, despite a vast increase in global trade, that ratio has been reversed, with 90% of transactions accounted for by financial flows not directly related to trade in goods and services.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 8, Bubbles And Crashes In Emergent Markets, p. 304.

“The channels of world trade are so obstructed by the pursuit of nationalist economic policy that steps should be taken at once to make it possible to arrive at an international economic agreement which would revive international trade. A return to free trade pure and simple would only increase unemployment.”

Ramsay MacDonald (1866–1937) British statesman; prime minister of the United Kingdom

Speech to the National Labour conference at Caxton Hall, London (28 October 1935), quoted in The Times (29 October 1935), p. 9
1930s

“The EEC however is not, and never has been, about freedom of trade: it is about, and always has been about, a closed-off internal trading system in Europe. … What the EEC is bent upon has nothing to do with free trade or free anything. It is a naked assertion of the will to power, the will to create a unified state to which instead of our own national organs of representation and government we are all to be subordinated.”

Enoch Powell (1912–1998) British politician

Speech in Halifax (26 September 1988), quoted in Enoch Powell on 1992 (Anaya, 1989), p. 33
1980s

“I don't know that Trump favors protective tariffs, import quotas or export subsidies. I do know that we don't have free trade. What goes for 'free trade' is trade managed by powerful bureaucracies—national and transnational international—central planners concerned with regulating, not freeing, trade; whose goal it is to harmonize labor, health, and environmental laws throughout the developed world. The undeveloped and developing worlds do as they please. My understanding is that Trump simply wants to make these agreements and organs work for the American people.”

Ilana Mercer South African writer

"Trump and Trade," http://www.wnd.com/2016/03/trump-and-trade/ WorldNetDaily.com, March 11, 2016. <br class="br">2010s, 2016

“Trade has ever been the extinguisher of war, the eradicator of prejudice, the diffuser of knowledge.”

Henry George (1839–1897) American economist

Source: Protection or Free Trade? (1886), Ch. 6

“The idea of comparative advantage—with its implication that trade between two nations normally raises the real incomes of both—is, like evolution via natural selection, a concept that seems simple and compelling to those who understand it. Yet anyone who becomes involved in discussions of international trade beyond the narrow circle of academic economists quickly realizes that it must be, in some sense, a very difficult concept indeed.”

Paul Krugman (1953) American economist

"Ricardo's Difficult Idea," in G. Cook (ed.), Freedom and Trade: The Economics and Politics of International Trade, Volume 2 (1998)

“The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.”

Friedrich List (1789–1846) German economist with dual American citizenship

Introduction, in Hirst (1909), p. 312
The National System of Political Economy (1841)

“Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.”

Help us to complete the source, original and additional information

Robert Gilpin41

Related quotes

Related topics