"If we want more trade in the world, we should establish bilateral trade agreements with other democratic countries. That way we can control the decision-making process. The major economic countries of the world will enter into those agreements"
About this Quote
The quote by Dana Rohrabacher recommends a strategic technique to fostering global trade through the establishment of bilateral trade agreements with other democratic countries. The underlying idea is that such arrangements can lead to a more regulated and efficient decision-making process in international trade.
Rohrabacher's statement suggests a choice for bilateral over multilateral trade contracts. Bilateral arrangements include two nations and permit higher flexibility and customizing to the particular requirements and strengths of those included. This uniqueness can make them more efficient and less governmental than larger multilateral arrangements, which frequently need consensus from many countries with diverse agendas and financial conditions.
The focus on democratic countries recommends that shared political values, such as transparency, rule of law, and regard for human rights, are viewed as foundational for trustworthy and steady trade relationships. Democracies are perceived to have more foreseeable legal frameworks and political stability, lowering the threat of abrupt policy shifts that could affect trade.
By focusing on democratic partners, the quote also hints at an ideological part, where trade is not just about economics however also about enhancing alliances with countries that uphold comparable governance concepts. This can assist develop a network of financially synergistic democracies, possibly causing a more powerful cumulative impact on international economic policies and practices.
Rohrabacher seems to believe that major economic powers would naturally gravitate towards such bilateral contracts. This would most likely produce a network of considerable financial players under a shared set of trade rules, potentially providing more enormous cumulative control over global trade standards and practices.
Ultimately, the quote underlines a tactical vision where trade serves not just as an economic activity but likewise as a tool for diplomatic and political positioning, promoting both economic development and the propagation of democratic worths in the worldwide arena.
More details
About the Author