When we lose, we all lose but, when we win, we all win!
by Jessica Doan on Monday, June 1st, 2009
This is something many of you have probably heard if you’ve ever played on any sort of team. Coaches worldwide have taught this lesson to create harmonious, effective, competitive teams. It seems once again a team lesson applies to something else in life, this time it’s the global economy.
A recent opinion piece in the Wall Street Journal by Gordon Brown, Prime Minister of the United Kingdom, focused on this lesson by emphasizing that trade barriers are a key concern that have the real potential to prolong the recession. The article: Don’t Go Wobbly on Trade – Barriers to commerce are a surefire way to prolong the recession states, “A more interdependent Global economy means that a downturn in one country translates more rapidly to a downturn elsewhere,” but the good news is, “with the global production chain more interlinked than ever before, we all benefit more quickly and more directly from a pick up in global trading flows.”
I say let’s all win together.
Tags: global economy, Trade
June 1st, 2009 at 6:53 pm
Absolutely. It’s hard to say what we can do about American trade protectionism but I think a lot more world leaders speaking out like this couldn’t hurt.
June 8th, 2009 at 1:22 pm
Today World Bank President Robert Zoellick came out against protectionist measures as well. Not sure that retaliatory measures is the most productive way to address the issue though.