And in advanced economies, there are at times movements from both the left and the right to put a stop to integration, and to push back against technology, and to try to bring back jobs and industries that have been disappearing for decades. So this impulse to pull back from a globalized world is understandable. If people feel that they’re losing control of their future, they will push back. We have seen it here in Greece. We’ve seen it across Europe. We’ve seen it in the United States. We saw it in the vote in Britain to leave the EU.
But given the nature of technology, it is my assertion that it’s not possible to cut ourselves off from one another. We now are living in a global supply chain. Our growth comes through innovation and ideas that are crossing borders all the time. The jobs of tomorrow will inevitably be different from the jobs of the past. So we can’t look backwards for answers, we have to look forward.
We cannot sever the connections that have enabled so much progress and so much wealth. For when competition for resources is perceived as zero-sum, we put ourselves on a path to conflict both within countries and between countries. So I firmly believe that the best hope for human progress remains open markets combined with democracy and human rights. But I have argued that the current path of globalization demands a course correction. In the years and decades ahead, our countries have to make sure that the benefits of an integrated global economy are more broadly shared by more people, and that the negative impacts are squarely addressed. (Applause.)
And we actually know the path to building more inclusive economies. It’s just we too often don’t have the political will or desire to get it done. We know we need bold policies that spur growth and support jobs. We know that we need to give workers more leverage and better wages, and that, in fact, if you give workers better wages businesses do better, too, because their customers now have money to spend.
Page 123456789101112131415161718
