“The new trade theory picture of the world looks something like this: Each country has, at any given time, a set of broad resources—land, skilled labor, capital, climate, general technological competence. These resources define up to a point the industries in which the country can hope to be competitive on world markets. […] But a country's resources do not fully determine what it produces, because the detailed pattern of advantage reflects the self-reinforcing virtuous circles, set in motion by the vagaries of history.”

— Paul Krugman, book Peddling Prosperity

Source: Peddling Prosperity (1994), Ch. 9 : The Economics of QWERTY

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Paul Krugman106

American economist 1953

Walter Rodney book How Europe Underdeveloped Africa

Source: How Europe Underdeveloped Africa (1972), p. 40.

“Poetry is a natural energy resource of our country. It has no energy crisis, possessing a potential that will last as long as the country. Its power is equal to that of any country in the world.”

Richard Eberhart (1904–2005) American poet

from his 1977 acceptance speech for a National Book Award Chicago Sun-Times, Jun 13, 2005 http://findarticles.com/p/articles/mi_qn4155/is_20050613/ai_n14717257 <br class="br">Other

“Should it not, this essentially producing country, search all parts of the globe and seek to fight with other nations, by exploring in advance the countries likely to favor industries, by studying local needs and resources, by indicating the nature and time of the shipments to be made, etc.?”

Henri Alexis Brialmont (1821–1903) Belgian military engineer and writer (1821-1903)

Source: All the King's Men' A search for the colonial ideas of some advisers and "accomplices" of Leopold II (1853-1892). (Hannes Vanhauwaert), 5. A prospectus by the military Chazal and Brialmont, The military centipede Henri-Alexis Brialmont (1821-1893) http://www.ethesis.net/leopold_II/leopold_II.htm#2.%20 Brialmont in 1853 On The need for a stronger merchant fleet, protected by a naval force, he was amazed that it still did not exist in Belgium, despite the unbridled economic boom that Belgium had entered in, and that had one of the largest ports in Europe. CROKAERT, P. BRIALMONT, A. Brialmont, Eloge et mémoires, 399.

“The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a practical, empirical matter, that hypothesis is flatly wrong. That is, it is simply not the case that the world's leading nations are to any important degree in economic competition with each other, or that any of their major economic problems can be attributed to failures to compete on world markets.”

Paul Krugman (1953) American economist

Pop Internationalism (1996), Competitiveness: A Dangerous Obsession (1994)

Richard Rumelt (1942) American economist

Source: Strategy, structure, and economic performance. (1974), p. 29

“In the affluent world we have had capitalism in one form or another for a couple of centuries. That is how countries of the West became "the affluent world." Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating preosperity.”

Johan Norberg book In Defense of Global Capitalism

In Defense of Global Capitalism

“New technologies (reinforced by new trade rules) are enhancing the market power of incumbent, dominant firms, such as Microsoft, which are all from the developed world; for the first time, in a key global industry, there is a near-global monopolist.”

Joseph E. Stiglitz book Making Globalization Work

§2, p. 58
Making globalization work (2006)

“My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more. ... In a world of scarce resources, globalization without new technology is unsustainable.”

Peter Thiel book Zero to One

Source: https://books.google.com/books?id=Owc2nQEACAAJ&pg=PA8 pp. 8–9
Zero to One (2014)

“Ricardo's theory is absolutely right—within its narrow confines. His theory correctly says that, accepting their current levels of technology as given, it is better for countries to specialize in things that they are relatively better at. One cannot argue with that. His theory fails when a country wants to acquire more advanced technologies—that is, when it wants to develop its economy. It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries. Ricardo's theory is, thus seen, for those who accept the status quo but not for those who want to change it.”

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. 2: 'The double life of Daniel Defoe; How did the rich countries become rich?', The double life of the British economy, p. 47

“This is a small country with limited resources. Can we afford the time spent on endless debates about ethnicity and identity?”

Joni Madraiwiwi (1957–2016) Fijian politician

Opening address to the Tourism Forum at the Sheraton Resort, 7 July 2005.

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