Quotations for Consideration

• “This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which forces and intends that general opulence to which it gives occasion. It is a necessary, though very slow and gradual, consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another.” – Adam Smith.
• “Open markets are the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world.” – Kofi Annan.
• “No foreign policy tool is more cost effective than an intelligently negotiated trade agreement” –Ian Bremmer
• “On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?” and, “Happiness arises from being able to meet one’s needs at a desired level and still have TIME to choose other activities to undertake.”– Matt Ridley

Key Concepts

• Proper understanding leads to right action, resulting in Health, Prosperity and Happiness.
• No person or community or country has all the time, resources and skills to make each thing they need for themselves, better than can be done by anyone else.
  …. to enjoy the best of what is available it is necessary to trade what one makes best in exchange for what others make best

  tTherefore, to enjoy the best of what is available it is necessary to trade what one makes best in exchange for what others make best. However, some essential products will need to be made indigenously, as best as possible, to avoid being at the mercy of providers at crucial times. ‘Atma Nirbhar’ is in such cases essential.

• Even unilateral openness to Trade is better than Protectionism.
• The true measure of prosperity is the TIME you have saved and which is now available to you, to do what you desire to do after doing what you need to do.

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