At least in rhetoric, the Tories stood for rolling back the state, while Labour was associated with nationalisation and trade union rule.
The antidote is international political discipline and a re-commitment to free trade and rule of law, even in the face of distress.
In the latest move in a long-running dispute, Canada said it would ask the World Trade Organisation to rule against a decision earlier this month by the United States to slap tariffs of at least 19.3% on imports of Canadian lumber.
In early October, the American Petroleum Institute, the U.S. Chamber of Commerce, the Independent Petroleum Association of America, and the National Foreign Trade Council challenged the rule in court.
They were breaking the cardinal rule of international trade law, at least according to the government of Antigua.
The Federal Trade Commission started enforcing the rule last year.
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By allegedly placing customer funds in his personal business account, Hastings failed to observe high standards of commercial honor and just and equitable principles of trade and thereby violated FINRA Rule 2010.
In conducting its business in this manner, the firm failed to observe the high standards of commercial honor and just and equitable principles of trade required by NASD Conduct Rule 2110 and FINRA Rule 2010.
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People have a lot of trouble meeting the real estate trade or business exception to the rule that makes real estate rental per se passive.
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It occurred because billions of souls have been able to pull themselves out of poverty thanks to global free trade, property rights, the rule of law and entrepreneurship.
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They have threatened to complain to the World Trade Organisation, which might have to rule on whether the laws are impartial and based on sound science.
The Mongols, while indeed being the fierce horsemen of legend, did, having established their empire which stretched from Northern China to Western Europe, then rule it as a free trade area.
She ruled that the state oil and gas supervisor in charge of the commission as a state agency acted reasonably in evaluating requests for trade secret exemptions under the fracking disclosure rule.
As border barriers fell, it became clear that domestic regulations were also a big impediment to trade: a subsidy or a discriminatory rule could shut out imports just as effectively as a tariff.
David Cameron has warned Russia that corruption, bureaucracy and an inconsistent approach to the rule of law was holding back trade relations with Britain.
Sustained prosperity needs certain foundations: the rule of law, freedom to trade and the ability to realize the fruits of one's efforts are three of them.
But it needs freer trade, fiscal responsibility and greater respect for the rule of law.
Such meetings - unless resolved - often lead straight on to the World Trade Organisation which is expected to be asked to rule on the issue.
Companies have suffered crippling financial losses, been forced to eliminate jobs, and scaled back or even terminated their operations because of trade secret theft in countries where there is weak rule of law.
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Given the proposed wording of the rule and the apparent nature of the trade, which seems to have started out as an attempt to hedge risk, that assertion is at best a stretch.
Those with good policies (low inflation, a budget surplus and openness to trade) and good institutions (little corruption, strong rule of law, effective bureaucracy) benefited from the aid they got.
Many finance folks are familiar with the rule-of-thumb that utilities tend to trade like bonds.
Specifically, fair trade opens borders, fosters economic freedom and helps to increase rule of law, especially in developing nations.
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Sound money, low taxes, the rule of law, minimal government interference and open trade are core principles of economic progress.
The chancellor also appeared to rule out proposals suggesting Germany should act to curb its trade surpluses with other euro-zone economies as a way to address the big financial imbalances inside the currency area.
My good friend, Ron Morris, a highly successful serial entrepreneur whose most recent venture is his own business talk radio network, told me that his first rule of negotiations is to never, ever, ever trade cash for a promise.
As a rule, countries should pursue these aims in ways that disrupt trade least.
Talking to broadcaster ZDF, Mr Westerwelle also said an EU political and trade deal with Ukraine could not be ratified unless Kiev adhered to the rule of law.
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