Greenspan backs free trade

Xxxx Xxxxxx xxxxxxxxxx at xxxxxxxxx.xxx
Sat Apr 7 09:04:52 MDT 2001


Full story at:
http://cnnfn.cnn.com/2001/04/04/economy/wires/greenspan_wg/?s=2

Greenspan backs free trade Fed chairman derides protectionism, no
 mention of interest rates
 April 4, 2001: 11:56 a.m. ET

WASHINGTON (AP) - Federal Reserve Chairman Alan Greenspan, declaring
 anti-globalization protesters "wrong-headed," said Wednesday the United
 States must resist calls for erecting protectionist trade barriers.

Greenspan told Congress the steady removal of trade barriers over the past
half century has contributed to the strong prosperity in recent decades.
That prosperity could be jeopardized by barriers to protect domestic
industries threatened by increased imports, he said.

"The United States has been in the forefront of the postwar opening up of
international markets, much to our and the rest of the world's benefits,"
Greenspan said in prepared remarks. "It would be a great tragedy were that
process stopped or reversed."

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Xxxx Xxxxx Xxxxxx
Ph.D Student
Department of Political Science
SUNY at Albany
Nelson A. Rockefeller College
135 Western Ave.; Milne 102
Albany, NY 12222




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