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Cannot Quote by Alan Greenspan

“The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.” quote by Alan Greenspan
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“The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.”

Alan Greenspan

About This Quote

Source Speech: Economic Forum, 2004

Free global trade cannot exist when domestic markets are heavily regulated.

In simple terms: Regulation blocks free trade.

Key Takeaway

Liberalize domestic markets.

Themes

economics globalization policy

Mood

analytical balanced

Type

policy economic

When to use this quote

  • export businesses
  • policy making
  • international negotiations

Key Concepts

trade theory regulatory economics

Questions to Reflect On

  • What regulations are essential?
  • How to balance protection and openness?
A Different Perspective

Domestic regulation may protect essential public interests.

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