Quote by Henry Hobhouse

In the long run, free trade benefits everyone; in the short run it is bound to produce much pain.

In the long run, free trade benefits everyone; in the short

Summary

This quote suggests that free trade has both immediate negative consequences and long-term positive outcomes. In the short run, the process of implementing free trade policies can cause difficulties and hardships for individuals and industries that are negatively affected by increased competition. However, in the long run, free trade has the potential to benefit all parties involved by fostering economic growth, innovation, and efficiency. The quote emphasizes the idea that embracing short-term pain is necessary to reap the future benefits of unrestricted global trade.

Topics

Business

By Henry Hobhouse

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