"The advantage to Great Britain of a regular free trade in corn would, therefore, be more by raising the rest of the world to our standard and price, than by lowering the prices here to the standard of the Continent"

This quote by Joseph Hume is describing the advantages of free trade in corn for Great Britain. Hume is suggesting that the advantage of free trade in corn for Great Britain would be greater if the rest of the globe was brought up to the very same standard as well as cost as Great Britain, as opposed to lowering the prices in Great Britain to the standard of the Continent. This would indicate that Great Britain would be able to take advantage of the increased need for their corn, as well as the raised competitors from other countries. This would certainly bring about boosted earnings for Great Britain, as well as raised economic growth. By elevating the remainder of the globe to the same criterion and price as Great Britain, it would certainly likewise develop a much more level playing field for all nations associated with the open market of corn. This would certainly lead to boosted effectiveness and performance, along with raised competition, which would ultimately benefit Great Britain.