February 18, 2008
        
The Implications of Globalization for the Economy and Public Policy
            I chose to speak about globalization at the outset of my tenure because it  will continue to be one of the forces shaping our economy and economic policy  for years to come. Steady advances in transportation, communication, and  information technologies, underpinned by the more widespread adoption of  free-market economic policies, are shrinking the globe and expanding the global  economy.