Exports Quotes

It is very easy for an American company to make parts in the United States, ship them to Mexico for assembly and bring the finished product back. However, for counties like France it is much more difficult.

Despite this economic reality, many underdeveloped nations sell their raw materials because it is easier than the alternative which takes capital investment in processing plants and equipment, training of workers, and establishing a marketing mechanism. Most third world nations are limited in their capacity to do this but they have abundant natural resources.

Romania had a mediocre small arms manufactureing capability but their weapons were not in great demand by governments around the world. However, there were illegal insurgent groups in many countries who would pay hard currency for arms that would b smuggled into various countries. Governments like Romania were not supposed to sell to these groups, but Romania did.

3rd Viscount Palmerston. This historical quotations illustrates the worst of the British Empire. British merchants were making large profits shipping opium to China and selling it there. Drug addiction became a major problem and some local Chinese Authorities passed laws banning the importing and selling of opium. However, the English merchant ship captains paid no attention to these laws claiming their rights as Englishmen to free trade. The Chinese finally seized a number of shipments of opium and burned them. The British then appointed Captain Elliot to lead a squadron of ships to China, arrange for payment in compensation for the value of the seized opium and to open up the opium trade, by force if necessary. The Chinese position was not unreasonable and Captain Elliot was not able to secure the concessions the English government wanted without starting a small war with the loss of many lives. Temple, who was the Foreign Minister at this time, fired Elliot and replaced him with someone who was less concerned about problems of drug addiction and the Chinese. Thus began the First Opium War. Note that the then British view of equity was that if they had to send an expedition of ships and soldiers to force the Chinese to allow the English to sell opium, then part of the terms must be that the Chinese pay the costs for the British ships and soldiers who invaded their country and forced them to keep poisoning their own people. See {621319} for Captain Elliot’s view.

Many free-traders disagree. While there is unemployment in the auto industry from imported cars, there is increased employment in the importing process, the marketing, selling, and maintenance of the imported cars as well as their financing. Further, when trade is open, we can then export products and services to Japan and this creates jobs. No one has ever been able to exactly measure the jobs created so it is an unsettled intellectual economic and political question. However, the people who lose jobs to imports are generally identifiable while the beneficiaries of many of the new jobs created by open trade are never specifically identified, so public opinion is more sympathetic to the former.

Earl of Stockton. This slogan was included in the text version of this particular speech, even though at this occasion he actually never said it.

Romanians of Jewish and German ancestry who left Romania and went to the West often sent money back to their families in Romania. So in a sense they were exports like oil which brought hard currency to Romania which needed it badly.

A response to Richard Deason (a union official) when he challenged Milton on his proposal to eliminate tariffs over five years.

This is an excellent example of the delusion that many Southerners functioned under regarding the importance of cotton to the economy of the nation. There were New York merchants and some New England ship owners who profited from the export of cotton, but cotton contributed very little to the economy of the North and the Midwest while it was essential to the South representing a huge percentage of their output. Industrialization was growing all over the country except in the South where slavery and cotton both held it back. When the South finally decided on war, they did not realize that the North would be able to embargo their cotton exports nor did they realize how little the rest of the country needed the cotton industry It was another great example of political hubris.

This has been a difference between England and the United States. The former has always been much more active in promoting business and industry abroad—even forming Government chartered companies for the purpose. In America, the major responsibility has been that of the private companies. When the Government has aided a particular company in an industry, other companies ask why that company and not mone? Other industries argue that if you help sell airplanes who not lawnmowers or dresses.