--- title: "Meaning & Key Takeaway of: The overall effect of the GEA will be to…" description: "\"The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, re..." image: "https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png" --- # The overall effect of the GEA will be to increase unit… ![“The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, reduce employment, and make households worse off,” quote by Ross McKitrick](https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png) [Download](https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png) [Open image](https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png) > “The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, reduce employment, and make households worse off,” [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The policy will raise production costs, lower competitiveness, reduce returns, cut jobs, and hurt households. **In simple terms:** Policy raises costs and harms households. Key Takeaway Consider the broader impacts before supporting. Themes economics policy competitiveness employment households Mood cautious analytical Type critical informative When to use this quote - government regulation - business planning - investment decisions - public debate Key Concepts cost escalation return on capital market competitiveness social welfare Questions to Reflect On - What trade‑offs are acceptable for environmental goals? - How can affected workers be protected? A Different Perspective Policy may boost other goals like environmental protection. ★ ★ ★ ★ ★ No ratings yet [Competitiveness](https://sms4smile.com/quotes/about/competitiveness/) [Employment](https://sms4smile.com/quotes/about/employment/) [Family](https://sms4smile.com/quotes/about/family/) ## Related quotes > [Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not…](https://sms4smile.com/quotes/gary-becker/even-a-wizard-would-have-a-great-deal-of-difficulty-repealing-the/) [Gary Becker](https://sms4smile.com/quotes/author/gary-becker/) > [I try to have a very well-rounded group of friends that did a lot of different things and weren't just performers. Because I feel…](https://sms4smile.com/quotes/gillian-jacobs/i-try-to-have-a-very-well-rounded-group-of-friends-that-did-a-lot-of/) [Gillian Jacobs](https://sms4smile.com/quotes/author/gillian-jacobs/) > [Take young researchers, put them together in virtual seclusion, give them an unprecedented degree of freedom and turn up the pressure by fostering competitiveness.](https://sms4smile.com/quotes/james-d-watson/take-young-researchers-put-them-together-in-virtual-seclusion-give/) [James D. Watson](https://sms4smile.com/quotes/author/james-d-watson/) > [In Poland we still believe - and this certainly applies to my government - that greater competitiveness, and greater growth and savings are possible…](https://sms4smile.com/quotes/donald-tusk/in-poland-we-still-believe-and-this-certainly-applies-to-my/) [Donald Tusk](https://sms4smile.com/quotes/author/donald-tusk/) > [When you work at 'The Daily Show,' you have to give 100 percent, or you're gone. The competitiveness and the minds that work in…](https://sms4smile.com/quotes/nate-corddry/when-you-work-at-the-daily-show-you-have-to-give-100-percent-or-you/) [Nate Corddry](https://sms4smile.com/quotes/author/nate-corddry/) > [the crucial disadvantage of aggression, competitiveness and skepticism as national characteristics is that these qualities cannot be turned off at five o'clock.](https://sms4smile.com/quotes/margaret-halsey/the-crucial-disadvantage-of-aggression-competitiveness-and-skepticism/) [Margaret Halsey](https://sms4smile.com/quotes/author/margaret-halsey/) > [Stop costly new regulations that would increase unemployment, raise consumer prices, and weaken the nation's global competitiveness with virtually no impact on global temperatures.](https://sms4smile.com/quotes/newt-gingrich/stop-costly-new-regulations-that-would-increase-unemployment-raise/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [Today's competitiveness, so much imposed from without, is exhausting, not exhilarating; is unending-a part of one's social life, one's solitude, one's sleep, one's sleeplessness.](https://sms4smile.com/quotes/louis-kronenberger/today-s-competitiveness-so-much-imposed-from-without-is-exhausting/) [Louis Kronenberger](https://sms4smile.com/quotes/author/louis-kronenberger/) > [You don't want to put competitiveness and emotion away, so you learn to play with it. You learn to use it for your team.](https://sms4smile.com/quotes/grayson-allen/you-don-t-want-to-put-competitiveness-and-emotion-away-so-you-learn/) [Grayson Allen](https://sms4smile.com/quotes/author/grayson-allen/) > [It is absolutely critical for competitiveness in the United States for us to really raise the bar in education, especially in math, in science,…](https://sms4smile.com/quotes/safra-a-catz/it-is-absolutely-critical-for-competitiveness-in-the-united-states/) [Safra A. Catz](https://sms4smile.com/quotes/author/safra-a-catz/) > [A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can…](https://sms4smile.com/quotes/henry-paulson/a-state-based-regulatory-system-is-quite-burdensome-it-allows-price/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [The challenge always is can we sustain a high level of competitiveness?](https://sms4smile.com/quotes/billy-donovan/the-challenge-always-is-can-we-sustain-a-high-level-of-competitiveness/) [Billy Donovan](https://sms4smile.com/quotes/author/billy-donovan/) > [I think competitiveness is taken in a different way by different people. I'm not a yeller and a screamer, a jumper and a pusher.](https://sms4smile.com/quotes/tim-duncan/i-think-competitiveness-is-taken-in-a-different-way-by-different/) [Tim Duncan](https://sms4smile.com/quotes/author/tim-duncan/) > [If you put on your business hat, you can't maintain competitiveness by staying at a competitive disadvantage. I mean, you just can't. The odds…](https://sms4smile.com/quotes/heather-bresch/if-you-put-on-your-business-hat-you-can-t-maintain-competitiveness-by/) [Heather Bresch](https://sms4smile.com/quotes/author/heather-bresch/) > [There are many examples of companies and countries that have improved their competitiveness and efficiency by adopting open source strategies. The creation of skills…](https://sms4smile.com/quotes/mark-shuttleworth/there-are-many-examples-of-companies-and-countries-that-have-improved/) [Mark Shuttleworth](https://sms4smile.com/quotes/author/mark-shuttleworth/) ## More by Ross McKitrick > [I abhor Earth Hour. Abundant, cheap electricity has been the greatest source of human liberation in the 20th century. Every material social advance in…](https://sms4smile.com/quotes/ross-mckitrick/i-abhor-earth-hour-abundant-cheap-electricity-has-been-the-greatest/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [The bottom line for Canada is that Kyoto will precipitate a recession that will cause a permanent reduction in employment, income and the size…](https://sms4smile.com/quotes/ross-mckitrick/the-bottom-line-for-canada-is-that-kyoto-will-precipitate-a-recession/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [I have been probing the arguments for global warming for well over a decade. In collaboration with a lot of excellent coauthors I have…](https://sms4smile.com/quotes/ross-mckitrick/i-have-been-probing-the-arguments-for-global-warming-for-well-over-a/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [Abundant, cheap electricity has been the greatest source of human liberation in the 20th century.](https://sms4smile.com/quotes/ross-mckitrick/abundant-cheap-electricity-has-been-the-greatest-source-of-human/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [To those of us who have been following the climate debate for decades, the next few years will be electrifying. There is a high…](https://sms4smile.com/quotes/ross-mckitrick/to-those-of-us-who-have-been-following-the-climate-debate-for-decades/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [Kyoto costs a lot, does nothing to prevent calamity, and pays no compensation in the event of loss. If my insurance broker offered that…](https://sms4smile.com/quotes/ross-mckitrick/kyoto-costs-a-lot-does-nothing-to-prevent-calamity-and-pays-no/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [The laws of physics are not about to change. Set your agenda by what’s happening in the atmosphere, not by what is happening in…](https://sms4smile.com/quotes/ross-mckitrick/the-laws-of-physics-are-not-about-to-change-set-your-agenda-by-what-s/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) > [The world still awaits a proper inquiry into climategate: one that is not stacked with global warming advocates and one that is prepared to…](https://sms4smile.com/quotes/ross-mckitrick/the-world-still-awaits-a-proper-inquiry-into-climategate-one-that-is/) [Ross McKitrick](https://sms4smile.com/quotes/author/ross-mckitrick/) [Explore all 9 Ross McKitrick quotes ](https://sms4smile.com/quotes/author/ross-mckitrick/) ## More Competitiveness quotes > [There are many examples of companies and countries that have improved their competitiveness and efficiency by adopting open source strategies. The creation of skills…](https://sms4smile.com/quotes/mark-shuttleworth/there-are-many-examples-of-companies-and-countries-that-have-improved/) [Mark Shuttleworth](https://sms4smile.com/quotes/author/mark-shuttleworth/) > [If you put on your business hat, you can't maintain competitiveness by staying at a competitive disadvantage. I mean, you just can't. The odds…](https://sms4smile.com/quotes/heather-bresch/if-you-put-on-your-business-hat-you-can-t-maintain-competitiveness-by/) [Heather Bresch](https://sms4smile.com/quotes/author/heather-bresch/) > [I think competitiveness is taken in a different way by different people. I'm not a yeller and a screamer, a jumper and a pusher.](https://sms4smile.com/quotes/tim-duncan/i-think-competitiveness-is-taken-in-a-different-way-by-different/) [Tim Duncan](https://sms4smile.com/quotes/author/tim-duncan/) > [The challenge always is can we sustain a high level of competitiveness?](https://sms4smile.com/quotes/billy-donovan/the-challenge-always-is-can-we-sustain-a-high-level-of-competitiveness/) [Billy Donovan](https://sms4smile.com/quotes/author/billy-donovan/) > [A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can…](https://sms4smile.com/quotes/henry-paulson/a-state-based-regulatory-system-is-quite-burdensome-it-allows-price/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [It is absolutely critical for competitiveness in the United States for us to really raise the bar in education, especially in math, in science,…](https://sms4smile.com/quotes/safra-a-catz/it-is-absolutely-critical-for-competitiveness-in-the-united-states/) [Safra A. Catz](https://sms4smile.com/quotes/author/safra-a-catz/) > [You don't want to put competitiveness and emotion away, so you learn to play with it. You learn to use it for your team.](https://sms4smile.com/quotes/grayson-allen/you-don-t-want-to-put-competitiveness-and-emotion-away-so-you-learn/) [Grayson Allen](https://sms4smile.com/quotes/author/grayson-allen/) > [Today's competitiveness, so much imposed from without, is exhausting, not exhilarating; is unending-a part of one's social life, one's solitude, one's sleep, one's sleeplessness.](https://sms4smile.com/quotes/louis-kronenberger/today-s-competitiveness-so-much-imposed-from-without-is-exhausting/) [Louis Kronenberger](https://sms4smile.com/quotes/author/louis-kronenberger/) > [Stop costly new regulations that would increase unemployment, raise consumer prices, and weaken the nation's global competitiveness with virtually no impact on global temperatures.](https://sms4smile.com/quotes/newt-gingrich/stop-costly-new-regulations-that-would-increase-unemployment-raise/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [the crucial disadvantage of aggression, competitiveness and skepticism as national characteristics is that these qualities cannot be turned off at five o'clock.](https://sms4smile.com/quotes/margaret-halsey/the-crucial-disadvantage-of-aggression-competitiveness-and-skepticism/) [Margaret Halsey](https://sms4smile.com/quotes/author/margaret-halsey/) > [When you work at 'The Daily Show,' you have to give 100 percent, or you're gone. The competitiveness and the minds that work in…](https://sms4smile.com/quotes/nate-corddry/when-you-work-at-the-daily-show-you-have-to-give-100-percent-or-you/) [Nate Corddry](https://sms4smile.com/quotes/author/nate-corddry/) > [In Poland we still believe - and this certainly applies to my government - that greater competitiveness, and greater growth and savings are possible…](https://sms4smile.com/quotes/donald-tusk/in-poland-we-still-believe-and-this-certainly-applies-to-my/) [Donald Tusk](https://sms4smile.com/quotes/author/donald-tusk/) > [Take young researchers, put them together in virtual seclusion, give them an unprecedented degree of freedom and turn up the pressure by fostering competitiveness.](https://sms4smile.com/quotes/james-d-watson/take-young-researchers-put-them-together-in-virtual-seclusion-give/) [James D. Watson](https://sms4smile.com/quotes/author/james-d-watson/) > [I try to have a very well-rounded group of friends that did a lot of different things and weren't just performers. Because I feel…](https://sms4smile.com/quotes/gillian-jacobs/i-try-to-have-a-very-well-rounded-group-of-friends-that-did-a-lot-of/) [Gillian Jacobs](https://sms4smile.com/quotes/author/gillian-jacobs/) > [So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the…](https://sms4smile.com/quotes/angela-merkel/so-europe-needs-to-be-competitive-and-we-also-need-to-be-competitive/) [Angela Merkel](https://sms4smile.com/quotes/author/angela-merkel/) [Browse all 217 Competitiveness quotes ](https://sms4smile.com/quotes/about/competitiveness/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, reduce employment, and make households worse off,", "creator": { "@type": "Person", "name": "Ross McKitrick" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ross-mckitrick/the-overall-effect-of-the-gea-will-be-to-increase-unit-production/", "about": { "@type": "Thing", "name": "Competitiveness" }, "@id": "https://sms4smile.com/quotes/ross-mckitrick/the-overall-effect-of-the-gea-will-be-to-increase-unit-production/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png", "contentUrl": "https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png", "url": "https://sms4smile.com/quotes/i/7c6/ross-mckitrick-43649_competitiveness_the-overall-effect-of-the-gea-will-be-to_1795960.png", "width": 1080, "height": 1080, "caption": "“The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the…” — Ross McKitrick", "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": "Ross McKitrick", "item": "https://sms4smile.com/quotes/author/ross-mckitrick/" }, { "@type": "ListItem", "position": 4, "name": "The overall effect of the GEA...", "item": "https://sms4smile.com/quotes/ross-mckitrick/the-overall-effect-of-the-gea-will-be-to-increase-unit-production/" } ], "@id": "https://sms4smile.com/quotes/ross-mckitrick/the-overall-effect-of-the-gea-will-be-to-increase-unit-production/#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 } } ] } ```