On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.
Tags: investment, own, will, change

Other Quotes by "Michael Spence"

In economies with excess productive capacity, targeted investment can yield a double benefit, generating short-run demand and boosting growth and productivity thereafter.
Tags: productivity, excess, investment, growth
My mother was strong-willed, demanding, and very supportive all at the same time.
Tags: very, same, mother, time
Robotics has already made significant inroads in electronics assembly, with sewing trades - traditionally many countries' first entry point to the global trading system - likely to come next.
Tags: come, electronics, first, next
For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The shift to a high sovereign-debt-yield equilibrium would make it impossible to achieve fiscal balance.
Tags: achieve, pressure, balance, impossible
Productivity gains are vital to long-term growth because they typically translate into higher incomes, in turn boosting demand. That process takes time, of course - especially if, say, the initial recipients of increased income already have a high savings rate.
Tags: say, process, growth, time
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