12/15/2023 0 Comments Trade Island free![]() It is potentially the beginning of what I might call ‘post geography trading world’ where we are much less restricted in having to find partners who are physically close to us. ![]() Today, we stand on the verge of an unprecedented ability to liberate global trade for the benefit of our whole planet with technological advances dissolving away the barriers of time and distance. ‘It is not’, he wrote ‘from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard to their own interest’.Īlthough the principles of free trade are the same today as set out by Smith in the 18th century, the trading environment has changed beyond recognition. He reminds us still that the essential element of a successful trading system is mutual benefit. Smith had a vision of what trade could produce in terms of prosperity and opportunity, a vision that was revolutionary in its time. ![]() It set out the principles for the emerging world of global commerce but its lessons are just as relevant today. It was 240 years ago, on 9 March 1776 that Adam Smith published the Wealth of Nations. ![]()
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