"We all learned in kindergarten that the beginning is a very good place to start. As we have this debate on illegal immigration and illegal entry into this country, let's begin at the very beginning by sealing the borders to this great Nation."

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In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.

— Toshihiko Fukui