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Competing With Asia

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China and the rest of Asia are on the move economically and technologically. They are a family oriented, educated, hard-working, and mercantile people. We must be ready and able to compete. This means ensuring our children are educated to compete in this new market, our trade laws are fair and balanced, and our economy and tax laws welcome new investment. If America acts boldly and swiftly, the emergence of Asia will be an opportunity. Trade and commerce with these huge new economies can further strengthen our economy and propel our growth. If America fails to act, we will be eclipsed.

Governor Romney: "We have to keep our markets open or we go the way of Russia and the Soviet Union, which is a collapse. And I recognize there are some people who will argue for protectionism because the short-term benefits sound pretty good, but long term you kill your economy, you kill the future.

What you have to do in order to compete on a global basis long term is invest in education, invest in technology, reform our immigration laws to bring in more of the brains from around the world, eliminate the waste in our government. We have to use a lot less oil. These are the kinds of features you have to invest in, you have to change in order to make ourselves competitive long term."
(Kudlow and Company, March 22, 2006)

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