N. R. Narayana Murthy Quotes

Free trade economists have to explain how free trade can be an explanation for the economic success of today’s rich countries, when it simply had not been practiced very much before they became rich.

Liberalization of trade barriers are essential for long-term global growth.

Globalization has very materially improved the standard of living in the Unitied States... as it has for those countries that have chosen to operate with free trade…. Although none of us likes our competitors, competition has greatly improved our standard of living.

Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.

Free trade has been proven, time and again, as a reliable path to economic development. It pushes the public and private sectors alike toward greater accountability and transparency. It lifts people out of poverty, and while it can force unsettling changes on a society, those changes prove to be worthwhile in a very short time.

The way - the principle way that human beings had gotten out of extreme poverty is free trade.

It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.

The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.

Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.

Free trade is the result of prosperity rather than the cause of prosperity .... Without growth over a long period of time you will not have a political commitment to free trade.

When you lower trade barriers and level the playing field, you create a mutual pool of wealth.

The key to our economic prosperity depends on increasing our contacts with Asian traders.

Economies that are open to trade grow faster.

The biggest single thing that has lifted people out of poverty is free trade.

Exporting firms are more productive and pay higher wages than their domestically focused counterparts, especially in places like Sub-Saharan Africa. If firms manage to thrive in world markets, they tend to increase their productivity even more.

While the TPP - like any trade deal - is a subject of vigorous debate, its benefits are clear. The TPP will open markets and bring down barriers for American businesses in the world's largest emerging market, creating jobs at home.

As for the dream of a global Britain trading more energetically from Asia to Latin America, the E.U. has tied our hands, hobbling those ambitions.

The raw fact is that every successful example of economic development this past century ... has taken place via globalization.

The message from history is so blatantly obvious - that free trade causes mutual prosperity while protectionism causes poverty - that it seems incredible that anybody ever thinks otherwise. There is not a single example of a country opening its borders to trade and ending up poorer.

Filipino businessmen must have the ability to compete freely in the global economy.

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

Trade liberalization can be contagious, and the opening of markets regionally can spark progress multilaterally as well.

Africa needs access to markets.

We must draw on the unique strengths of the Japanese economy, seek an open and cooperative approach with our international partners, and intelligently exploit the promise of new growth areas.

There is no good reason for our cattle producers to have such limited market access. Our beef is the best in the world, and we need to be allowed to reach global markets.