Adjustment Quote by Robert Gilpin

Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing…

— Joseph Stiglitz

“Trade liberalization has created other problems, too. It has increased the pressures on government budgets, as it reduced tariff revenues. This has been a…

— Ha-Joon Chang

Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and…

— Stephen F. Lynch

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

— Roberto Azevedo

The social costs, and the increased tax costs due to addicted gamblers, stay behind

— John Warren Kindt

When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take into…

— Raghuram Rajan

Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development

— John Warren Kindt

The budgetary cost to the UK of the wars in Iraq and Afghanistan through 2010 will total more than £18 billion. If we include…

— Joseph Stiglitz

America's victory in the Cold War was not without painful social costs.

— Zbigniew Brzezinski

If gambling were banned, those social costs would drop, tax revenues from consumer goods would increase, and money would be pumped into the productive…

— John Warren Kindt

Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe…

— Joseph Stiglitz

In the quest for comparative advantage, investment will flow towards those countries that can offer more output for fewer emissions. Inaction will cost jobs.…

— Julia Gillard