Why the Global Economy Needs Nations

Type: Reports Written by Rt Hon. Francis Maude MP | Friday 26 November 1999

Globalization and the Internet will discriminate against high tax and high spending governments, so believers in state power are now turning to international government to impose international controls. The choice is between the American model that creates a million new jobs a year, and the high tax, high unemployment model of the continent. Britain should set low, simple, transparent taxes and low regulation, which are the conditions that reward success and encourage investment and risk-taking. Britain should embrace globalization and all that it offers, instead of retreating into protectionism.

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