Greenspan warns against BPO ban
Washington: The Federal Reserve chairman Alan Greenspan, in a testimony before the House of Representatives' Education and the Workforce Committee on Thursday, said that a ban on outsourcing to India, trade barriers or new protectionist measures won't bring back American jobs. He warnd that it would "surely" result in more job losses if other countries were to retaliate in kind. He told the representatives that erecting trade barriers would discourage innovation and lead to an eventual stagnation in the country's standard of living.

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