--- title: "Meaning & Key Takeaway of: Over the longer run, advanced economy…" description: "\"Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.\" — Jerome Powell" image: "https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg" --- # Over the longer run, advanced economy policy actions that… ![“Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.” quote by Jerome Powell](https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg) [Download](https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg) [Open image](https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg) > “Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.” [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Policy measures that boost major economies and trade also lift emerging markets. **In simple terms:** Strong global policies help developing economies. Key Takeaway Support policies that promote global growth. Themes economics trade emerging markets policy globalization Mood optimistic analytical Type policy economic When to use this quote - government budgeting - international trade negotiations - investment decisions - development planning Key Concepts macroeconomics interdependence growth strategies Questions to Reflect On - How can emerging markets prepare for global policy shifts? - What risks arise if major economies falter? A Different Perspective Benefits depend on domestic implementation and local conditions. ★ ★ ★ ★ ★ No ratings yet [Economy](https://sms4smile.com/quotes/about/economy/) [Growth](https://sms4smile.com/quotes/about/growth/) [Trade](https://sms4smile.com/quotes/about/trade/) ## Related quotes > [Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce…](https://sms4smile.com/quotes/chris-martin/economically-unfair-trade-will-benefit-nobody-in-the-long-run-as/) [Chris Martin](https://sms4smile.com/quotes/author/chris-martin/) > [There is no precedent of an advanced economy withdrawing from a trade agreement as deep and as complex as the European Union.](https://sms4smile.com/quotes/jo-johnson/there-is-no-precedent-of-an-advanced-economy-withdrawing-from-a-trade/) [Jo Johnson](https://sms4smile.com/quotes/author/jo-johnson/) > [The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of…](https://sms4smile.com/quotes/michael-porter/the-purpose-of-the-corporation-must-be-redefined-as-creating-shared/) [Michael Porter](https://sms4smile.com/quotes/author/michael-porter/) > [Our best path to economic growth and global competitiveness is to invest in our people - not to provide huge new tax breaks to…](https://sms4smile.com/quotes/raja-krishnamoorthi/our-best-path-to-economic-growth-and-global-competitiveness-is-to/) [Raja Krishnamoorthi](https://sms4smile.com/quotes/author/raja-krishnamoorthi/) > [It's obvious that China faces a range of demographic and economic difficulties stemming from its own population growth, and that the global community has…](https://sms4smile.com/quotes/kerry-kennedy/it-s-obvious-that-china-faces-a-range-of-demographic-and-economic/) [Kerry Kennedy](https://sms4smile.com/quotes/author/kerry-kennedy/) > [Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its causes, could…](https://sms4smile.com/quotes/jerome-powell/given-that-trade-benefited-the-asian-economies-on-the-way-up-it-seems/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted…](https://sms4smile.com/quotes/jerome-powell/in-a-world-of-global-trade-and-integrated-capital-markets-it-is/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The world has always been a dangerous place. Now it is dangerous in a different way, because the world order that we've known since…](https://sms4smile.com/quotes/anne-applebaum/the-world-has-always-been-a-dangerous-place-now-it-is-dangerous-in-a/) [Anne Applebaum](https://sms4smile.com/quotes/author/anne-applebaum/) > [Convergence of our views on global trade issues under the WTO and our common resolve to combat terrorism provide a valuable base for mutual…](https://sms4smile.com/quotes/abdul-kalam/convergence-of-our-views-on-global-trade-issues-under-the-wto-and-our/) [Abdul Kalam](https://sms4smile.com/quotes/author/abdul-kalam/) > [That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning…](https://sms4smile.com/quotes/marcy-kaptur/that-level-of-trade-deficit-throttles-real-growth-in-our-country-and/) [Marcy Kaptur](https://sms4smile.com/quotes/author/marcy-kaptur/) > [“Martin Weitzman puts it, “the long-term growth of an advanced economy is dominated by the behavior of technical progress.”12”](https://sms4smile.com/quotes/anonymous/martin-weitzman-puts-it-the-long-term-growth-of-an-advanced-economy/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [No matter how advanced our economy might be, no matter how sophisticated our equipment becomes, for the foreseeable future we will still depend on…](https://sms4smile.com/quotes/george-w-bush/no-matter-how-advanced-our-economy-might-be-no-matter-how/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [The United States is the only advanced economy with no paid parental leave for either mothers or fathers.](https://sms4smile.com/quotes/brigid-schulte/the-united-states-is-the-only-advanced-economy-with-no-paid-parental/) [Brigid Schulte](https://sms4smile.com/quotes/author/brigid-schulte/) > [You cannot have an advanced economy while holding women back from the workplace.](https://sms4smile.com/quotes/stephen-marche/you-cannot-have-an-advanced-economy-while-holding-women-back-from-the/) [Stephen Marche](https://sms4smile.com/quotes/author/stephen-marche/) > [“The United States is the only advanced economy that doesn’t guarantee workers paid time off. Nearly one-quarter of all American workers get no paid…](https://sms4smile.com/quotes/brigid-schulte/the-united-states-is-the-only-advanced-economy-that-doesn-t-guarantee/) [Brigid Schulte](https://sms4smile.com/quotes/author/brigid-schulte/) ## More by Jerome Powell > [Alignment of business strategy and risk appetite should minimize the firm's exposure to large and unexpected losses. In addition, the firm's risk management capabilities…](https://sms4smile.com/quotes/jerome-powell/alignment-of-business-strategy-and-risk-appetite-should-minimize-the/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The too-big-to-fail reform project is massive in scope. In my view, it holds real promise. But the project will take years to complete. Success…](https://sms4smile.com/quotes/jerome-powell/the-too-big-to-fail-reform-project-is-massive-in-scope-in-my-view-it/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that…](https://sms4smile.com/quotes/jerome-powell/the-financial-crisis-and-the-great-recession-left-firms-with-excess/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal…](https://sms4smile.com/quotes/jerome-powell/all-economic-forecasts-are-subject-to-considerable-uncertainty-there/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows.](https://sms4smile.com/quotes/jerome-powell/emerging-market-economies-have-long-grappled-with-the-challenges/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is…](https://sms4smile.com/quotes/jerome-powell/a-risk-insensitive-leverage-ratio-can-be-a-useful-backstop-to-risk/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking…](https://sms4smile.com/quotes/jerome-powell/the-federal-reserve-is-not-charged-with-designing-or-evaluating/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special skills that…](https://sms4smile.com/quotes/jerome-powell/although-i-have-never-worked-in-a-community-bank-i-have-been-a/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might…](https://sms4smile.com/quotes/jerome-powell/perhaps-the-greatest-challenge-for-the-resolution-of-a-systemic/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality…](https://sms4smile.com/quotes/jerome-powell/an-efficient-payments-system-provides-the-infrastructure-needed-to/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Higher capital requirements increase bank costs, and at least some of those costs will be passed along to bank customers and shareholders. But in…](https://sms4smile.com/quotes/jerome-powell/higher-capital-requirements-increase-bank-costs-and-at-least-some-of/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [More regulation is not the best answer to every problem.](https://sms4smile.com/quotes/jerome-powell/more-regulation-is-not-the-best-answer-to-every-problem/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.](https://sms4smile.com/quotes/jerome-powell/loss-absorbing-capacity-among-banks-is-substantially-higher-as-a/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.](https://sms4smile.com/quotes/jerome-powell/the-federal-reserve-is-committed-to-fulfilling-our-statutory-mandate/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [We live in a world defined by the rapid pace of technological change.](https://sms4smile.com/quotes/jerome-powell/we-live-in-a-world-defined-by-the-rapid-pace-of-technological-change/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) [Explore all 92 Jerome Powell quotes ](https://sms4smile.com/quotes/author/jerome-powell/) ## More Economy quotes > [Things are going well in Germany because the economy is booming and as an export-driven nation, we are profiting from the fact that we…](https://sms4smile.com/quotes/martin-schulz/things-are-going-well-in-germany-because-the-economy-is-booming-and/) [Martin Schulz](https://sms4smile.com/quotes/author/martin-schulz/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [I was born and raised in Orlando, where the economy and culture has been powerfully shaped by tourism, and so I've long been interested…](https://sms4smile.com/quotes/laura-van-den-berg/i-was-born-and-raised-in-orlando-where-the-economy-and-culture-has/) [Laura van den Berg](https://sms4smile.com/quotes/author/laura-van-den-berg/) > [A strong, durable Puerto Rican economy will leave the island better prepared to handle future natural disasters.](https://sms4smile.com/quotes/rachel-campos-duffy/a-strong-durable-puerto-rican-economy-will-leave-the-island-better/) [Rachel Campos-Duffy](https://sms4smile.com/quotes/author/rachel-campos-duffy/) > [I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation…](https://sms4smile.com/quotes/ronald-reagan/i-ve-long-believed-one-of-the-mainsprings-of-our-own-liberty-has-been/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [There is no precedent of an advanced economy withdrawing from a trade agreement as deep and as complex as the European Union.](https://sms4smile.com/quotes/jo-johnson/there-is-no-precedent-of-an-advanced-economy-withdrawing-from-a-trade/) [Jo Johnson](https://sms4smile.com/quotes/author/jo-johnson/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [We're going to create factory jobs for recent immigrants, and Donald Trump is going to take care of them. That's why his numbers, even…](https://sms4smile.com/quotes/jeff-sessions/we-re-going-to-create-factory-jobs-for-recent-immigrants-and-donald/) [Jeff Sessions](https://sms4smile.com/quotes/author/jeff-sessions/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [Small businesses are the backbone of the American economy and employ almost half of the working population. Yet because of their size, they rarely…](https://sms4smile.com/quotes/dan-lipinski/small-businesses-are-the-backbone-of-the-american-economy-and-employ/) [Dan Lipinski](https://sms4smile.com/quotes/author/dan-lipinski/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [However, however, if the goal is to abandon America's free enterprise economy, if the goal is to convert America into a submissive member of…](https://sms4smile.com/quotes/marco-rubio/however-however-if-the-goal-is-to-abandon-america-s-free-enterprise/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [America is stronger than Russia. Our economy is 16 times larger than the Russian economy.](https://sms4smile.com/quotes/mike-pence/america-is-stronger-than-russia-our-economy-is-16-times-larger-than/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [Right now, the government is spending billions of dollars supporting the problem-makers in the U.S. economy - the polluters, despoilers, incarcerators, and warmongers.](https://sms4smile.com/quotes/van-jones/right-now-the-government-is-spending-billions-of-dollars-supporting/) [Van Jones](https://sms4smile.com/quotes/author/van-jones/) > [As president, things that you're supposed to focus on, things like the economy, like energy policy, which is completely tied to national security, and…](https://sms4smile.com/quotes/doug-burgum/as-president-things-that-you-re-supposed-to-focus-on-things-like-the/) [Doug Burgum](https://sms4smile.com/quotes/author/doug-burgum/) [Browse all 6,596 Economy quotes ](https://sms4smile.com/quotes/about/economy/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.", "creator": { "@type": "Person", "name": "Jerome Powell" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/jerome-powell/over-the-longer-run-advanced-economy-policy-actions-that-strengthen/", "about": { "@type": "Thing", "name": "Economy" }, "@id": "https://sms4smile.com/quotes/jerome-powell/over-the-longer-run-advanced-economy-policy-actions-that-strengthen/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg", "contentUrl": "https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg", "url": "https://sms4smile.com/quotes/i/329/jerome-powell-7353_economy_over-the-longer-run-advanced-economy-pol_600276.jpg", "width": 1080, "height": 1080, "caption": "“Over the longer run, advanced economy policy actions that strengthen global growth and global trade will…” — Jerome Powell", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Jerome Powell", "item": "https://sms4smile.com/quotes/author/jerome-powell/" }, { "@type": "ListItem", "position": 4, "name": "Over the longer run, advanced economy...", "item": "https://sms4smile.com/quotes/jerome-powell/over-the-longer-run-advanced-economy-policy-actions-that-strengthen/" } ], "@id": "https://sms4smile.com/quotes/jerome-powell/over-the-longer-run-advanced-economy-policy-actions-that-strengthen/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```