England Quote by Joseph Hume
“Fortunately for England, all her imports are raw materials.”
About This Quote
Source Parliamentary Speech, 1840
England’s economy benefits because it imports only raw materials, avoiding costly finished goods.
In simple terms: England imports raw materials, not finished products.
Key Takeaway
Leverage raw material imports for economic advantage.
Themes
economics
trade
industrial policy
Mood
strategic
pragmatic
Type
economic
historical
When to use this quote
- national budgeting
- industrial strategy
- foreign trade negotiations
Key Concepts
comparative advantage
resource dependency
Questions to Reflect On
- How can we add value to imported raw materials?
- What risks arise from dependence on raw material imports?
A Different Perspective
Relying solely on raw materials can limit value‑added production.
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
