Cannot Quote by Alan Greenspan
“The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.”
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.
Liberalize domestic markets.
Themes
Mood
Type
When to use this quote
- export businesses
- policy making
- international negotiations
Key Concepts
Questions to Reflect On
- What regulations are essential?
- How to balance protection and openness?
Domestic regulation may protect essential public interests.