Britannia Radio

Prime Minister Brown warns against threat of 'deglobalisation' and hails 'new global order'

 

'The economic crisis should be treated as "the difficult birth-pangs of a new global order", with new rules introduced on trade, Gordon Brown says. The prime minister set out a series of actions designed to "replace fear with confidence" and warned against just "muddling through as pessimists". During a speech defending his handling of the crisis he also warned against the "deglobalisation threat".'

 

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Gordon Brown: We Must Not Retreat From Globalisation

' "We could allow this crisis to start a retreat from globalisation," he is expected to say. "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.

Or we could view the threats and challenges we face today as the difficult birth-pangs of a new global order - and our task now as nothing less than making the transition through a new internationalism to the benefits of an expanding global society - not muddling through as pessimists but making the necessary adjustment to a better future and setting the new rules for this new global order".'

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