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Quote by Greg Ip

“You can sort of see elements of Donald trump policy in different walks of life. Brazil and France have a long history in intervening in business decisions to protect local jobs. What I don't think we see is much evidence that in the long run those types of tactics make much difference, when the economics of production are pushing in the other direction.”

Quote by Greg Ip

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Greg Ip
Greg Ip

Greg Ip is a renowned economist and journalist known for his in-depth analysis and commentary on economic policy. He has held prominent positions in several major media organizations, including The Wall Street Journal and The Economist. Ip's contributions to the field of economics cover a wide range of topics, including macroeconomics, monetary policy, and trade policy. more

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“Donald Trump can, for example, imply the threat that federal business will be withheld from some of companies. That's possibly dangerous precedent. You know what I mean? When - the Pentagon has very specific guidelines, for example, when it goes out and does procurement. You don't want them buying a jet engine which is actually inferior to another jet engine simply because that other company outsourced some jobs. The final thing that Trump could do is he could impose tariffs on any products that are imported once they have been outsourced to another country.”

“There's no question that protectionist or sort of moral suasion efforts like this can make a difference on a case-by-case basis. We have seen it in the past. It will probably save a few thousand, possibly more, jobs this time. But if the economics are saying that this is an expensive place to produce stuff, it's very hard to see that turning that around. That's why it would be more useful to focus on some of the other points that I think Donald Trump was making about making US a better place to manufacture.”

“When you start to meet with ordinary people you understand that a Russian person, really any person from Russia, a Tatar, a Mordvin, a Chechen, a Dagestani, they are very open people, even a little naive. But there's one defining trait that probably all peoples have, although it comes out especially strongly in us. That's a drive toward fairness. It's one of the dominating, I think, traits in the mentality of a person from Russia, a Russian person.”

“Any country is hard to govern, even a very small country. It's not a question of whether the country is large or small. It's a question of how you relate to the work, to what extent you feel responsible for it. Russia is also hard to govern. Russia is at the development stage of both its political system and the creation of a market-based economy. It's a complicated process, but very interesting. Russia, actually, is not just a large country, it's a great country. I mean its traditions, and its cultural particularities.”