America Quote by Wilbur Ross
“I think there's a big difference between the impact of trade agreements on corporate America and the impact on Mr. and Mrs. America. Corporate America has adjusted to them by investing lots of capital offshore... What we're doing is we're exporting jobs and importing products instead of exporting products and keeping jobs.”
About This Quote
Source Speech: Economic Forum, 2018
Trade agreements can shift jobs abroad, turning domestic employment into imports and exports, affecting families.
In simple terms: Trade deals may move jobs overseas.
Key Takeaway
Consider impacts on local workers.
Themes
economics
trade policy
employment
globalization
Mood
concerned
thoughtful
Type
policy
economic
When to use this quote
- business strategy
- community planning
- political debate
- education curricula
Key Concepts
international economics
labor markets
offshoring
policy analysis
Questions to Reflect On
- How should policy balance corporate profit and worker security?
- What alternatives exist to protect domestic jobs?
A Different Perspective
Benefits of trade can be uneven and politically contentious.
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