Poole: Perspective on U.S. International Trade

In a speech on 'A Perspective on U.S. International Trade' given on 19 November, William Poole of the Federal Reserve Bank of St. Louis said free trade is a policy that increases economic well being for a country as a whole. Specialization and exchange are the routes that generate the benefits. Specialization allows for increased productivity and higher wages, while open markets are more competitive and yield lower prices for consumers.

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