World should not sacrifice good economic principles
The World Economic Forum (WEF) meeting here next year should pay attention to enhancing the order of the global economy. An international economy with sound order built on good economic principles will ensure enduring prosperity for all nations. Economic relationships among nations have become more complex due to national and international politics, as can be seen from the intricate nature of the United States-China trade dispute. 바카라사이트 Though it is impossible to decouple politics completely from international economic relationships, we should not sacrifice too many good economic principles. Nations should adhere to the spirit of fair competition. Allow each nation to use its comparative advantage with little restriction. Imposing tariffs and other hurdles or subsidising local production to compete with cheaper imports should be discouraged. All hidden costs - such as damage to the social and physical environment - and all benefits, including secondary or spill-over benefi...