Fed Chair On Free Trade and Globalization

Ben Bernanke gives his thoughts on Globalization:

Trade benefits advanced countries like the United States, but open trade is, if anything, even more important for developing nations. Trade and globalization are lifting hundreds of millions of people out of poverty, especially in Asia, but also in parts of Africa and Latin America. As a source of economic growth and development in poor countries, trade is proving far more effective than traditional development aid.

To sum up, international trade in goods, services, and assets, like other forms of market-based exchange, allows us to transform what we have into what we need or want under increasingly beneficial terms. Trade allows us to enjoy both a more productive economy and higher living standards.

With our strong institutions, deep capital markets, flexible labor markets, technological leadership, and penchant for entrepreneurship and innovation, no country is better placed than the United States to benefit from increased participation in the global economy. If we resist protectionism and isolationism while working to increase the skills and adaptability of our labor force, the forces of globalization and trade will continue to make our economy stronger and our citizens more prosperous.

His full remarks can be found here.

23 Responses to “Fed Chair On Free Trade and Globalization”


  • You better be getting paid to be such a Sell out and VENDIDO!
    you’re ignorant and should commit suicide, you are a disgrace to the Latino Community World wide, you know nothing about Free Trade Agreements if you’re saying its pulling people out of poverty you ignorant fool!

  • Nice talking to you again Zulma. Always a pleasure. 😉

  • If some one desires to be updated with newest
    technologies after that he must be go to see this site and be up to date every
    day.

  • Hey there, You have done an excellent job. I will certainly
    digg it and personally suggest to my friends. I am confident they’ll be benefited from this website.

  • Howdy, i read your blog occasionally and i
    own a similar one and i was just curious if you get a
    lot of spam remarks? If so how do you protect
    against it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any support is
    very much appreciated.

  • If you wish for to get a good deal from this paragraph then you have to apply such
    strategies to your won blog.

  • Hello my loved one! I wish to say that this article is awesome, great written and
    include approximately all significant infos. I’d like to see extra posts like this
    .

  • Fine way of describing, and nice article to get information on the topic of my presentation subject,
    which i am going to present in college.

  • Great info. Lucky me I discovered your website by accident (stumbleupon).
    I’ve saved as a favorite for later!

  • That is really fascinating, You’re an overly professional
    blogger. I have joined your rss feed and look ahead to in the hunt for more
    of your fantastic post. Additionally, I’ve shared your
    web site in my social networks

  • I read this paragraph fully concerning the resemblance of most
    recent and preceding technologies, it’s amazing article.

  • Greetings! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche.
    Your blog provided us valuable information to work on. You have done
    a wonderful job!

  • Please let me know if you’re looking for
    a article author for your site. You have some really good articles and I believe I would be a good asset.
    If you ever want to take some of the load off, I’d absolutely love
    to write some content for your blog in exchange for a link back to
    mine. Please send me an e-mail if interested. Thank you!

  • Hi! This is kind of off topic but I need some help from an established blog.

    Is it hard to set up your own blog? I’m not very techincal
    but I can figure things out pretty quick. I’m thinking about
    making my own but I’m not sure where to begin. Do you have any points or suggestions?

    With thanks

  • SkKiYV vnzbozuaeigo, [url=http://nwakllxuwfsz.com/]nwakllxuwfsz[/url], [link=http://subfpfrucshm.com/]subfpfrucshm[/link], http://kcpdtxmzohhx.com/

  • you’re truly a excellent webmaster. The web site loading
    speed is incredible. It seems that you’re doing any unique
    trick. Also, The contents are masterpiece. you’ve performed a great job in this topic!

  • Heya i am for the primary time here. I came across this board and I to find It really useful & it helped me out a lot.
    I’m hoping to present something again and aid others such as you aided me.

  • It’s wonderful that you are getting thoughts from
    this piece of writing as well as from our argument made at this place.

  • Good way of explaining, and fastidious article to obtain facts on the topic of my presentation subject, which i am going to deliver in school.

  • Hi there friends, how is all, and what you would like to say on the topic of this paragraph,
    in my view its in fact awesome for me.

  • Please let me know if you’re looking for a article author
    for your site. You have some really good articles and I feel I would be a good
    asset. If you ever want to take some of the load off, I’d love to
    write some material for your blog in exchange for a link back to mine.
    Please send me an e-mail if interested. Regards!

  • Do you mind if I quote a couple of your posts as long as I provide credit and sources
    back to your site? My blog is in the very same niche as yours and my visitors
    would certainly benefit from some of the information you
    present here. Please let me know if this ok with you.
    Thanks!

  • I loved as much as you will receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get bought an nervousness over that you wish be delivering the following.
    unwell unquestionably come further formerly again as
    exactly the same nearly a lot often inside case you shield this increase.

Leave a Reply