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summary of Greenspan's opinion on trade

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A http://www.federalreserve.gov/BoardDocs/speeches/2004/20040126/default.htm
b. Read the above speech and summarize Greenspan's opinion on trade. Does he admonish the current administration's policies on trade? What does he say about job movement overseas and labor costs.

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Solution Summary

A summary of Greenspan's opinion on trades are given. The administration's policies on trade are determined.

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Hi there,

I am not sure how much detail you are expecting for an answer, however, I will do my best to be of assistance.

Greenspan's opinion on trade:
There are a few snippets of info scattered throughout his speech that elude to the fact that he is very much in favor of free trade. Trade is first mentioned in the last sentence of paragraph 6 - how the lowering of trade barriers had spurred economic activity.

I believe that his opinion on trade is best summed up by his last two paragraphs. I have copied them for your review:

For the most part, we in the United States have not engaged in significant and widespread protectionism for more than five decades. The consequences of moving ...

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