NY Fed's Geithner on global economic integration

In the speech 'Global economic integration: The opportunities and the challenges' given on 17 April Timothy Geithner of the Federal Reserve Bank of New York said economic integration among countries is essential for boosting growth, while protectionism causes more problems than it solves.

"The economic price of protection, in terms of distorted incentives, reduced flexibility and broader costs on the economy as a whole, seem both more substantial and more enduring than any temporary political

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