Brown sees 'new world order' after crisis
Prime Minister Gordon Brown said Monday the financial crisis must not be an excuse to retreat into protectionism and instead be viewed as the "difficult birth-pangs of a new global order".
In a speech, he will urge countries to avoid "muddling through as pessimists" and "make the necessary adjustment to a better future and setting the new rules for this new global order", according to his office.
Official data confirmed Friday that Britain is in recession. Days earlier, the government unveiled a new package of measures to help the flow of credit in the economy, but Brown has argued global action is needed for a quick recovery.
He will warn Monday that the crisis has given the world a choice: "We could allow this crisis to start a retreat from globalisation.
"As some want, we could close our markets -- for capital, financial services, trade and for labour -- and therefore reduce the risks of globalisation.
"But that would reduce global growth, deny us the benefits of global trade and confine millions to global poverty.
...
http://uk.news.yahoo.com/18/20090126...i-a7ad41d.html
Prime Minister Gordon Brown said Monday the financial crisis must not be an excuse to retreat into protectionism and instead be viewed as the "difficult birth-pangs of a new global order".
In a speech, he will urge countries to avoid "muddling through as pessimists" and "make the necessary adjustment to a better future and setting the new rules for this new global order", according to his office.
Official data confirmed Friday that Britain is in recession. Days earlier, the government unveiled a new package of measures to help the flow of credit in the economy, but Brown has argued global action is needed for a quick recovery.
He will warn Monday that the crisis has given the world a choice: "We could allow this crisis to start a retreat from globalisation.
"As some want, we could close our markets -- for capital, financial services, trade and for labour -- and therefore reduce the risks of globalisation.
"But that would reduce global growth, deny us the benefits of global trade and confine millions to global poverty.
...
http://uk.news.yahoo.com/18/20090126...i-a7ad41d.html
Looks more like a miscarriage to me, but what do I know.
Comment