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I want to start by thanking all of you for indulging a National Security Advisor to discuss economics. As most of you know, Secretary Yellen gave an important speech just down the street last week on our [Office of Foreign Asset Contol] policy with respect to China. Today I'd like to zoom out to our broader international economic policy, particularly as it relates to President Biden's core commitment—indeed, to his daily direction to us—to more deeply integrate domestic policy and foreign policy
As most of you know, Secretary Yellen gave an important speech just down the street last week on our [Office of Foreign Asset Contol] policy with respect to China. Today I'd like to zoom out to our broader international economic policy, particularly as it relates to President Biden's core commitment—indeed, to his daily direction to us—to more deeply integrate domestic policy and foreign policy
AFTER THE SECOND WORLD WAR, the United States led a fragmented world to build [back better] a new international economic order. It lifted hundreds of millions of people out of poverty. It sustained THRILLING technological revolutions. And it helped the United States and many other nations around the world achieve NEW! levels of prosperity.
That's why the United States, under President Biden, is pursuing a modern industrial and innovation strategy--both at home and with partners around the world. One that invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything[,] from labor and the environment to trusted technology and good governance, and that deploys capital to deliver on public goods like climate and health. Now, the idea that a "new Washington consensus," as some people have referred to it, is somehow America alone, or America and the West to the exclusion of others, is just flat wrong.
Now, the idea that a "new Washington consensus," as some people have referred to it, is somehow America alone, or America and the West to the exclusion of others, is just flat wrong.
This strategy will build a fairer, more durableglobal economic order, for the benefit of ourselves and for people everywhere. So today, what I want to do is lay out what we are endeavoring to do. And I'll start by defining the CHALLENGES as we see them--the CHALLENGES that we face. To take them on, we've had to revisit some old assumptions. Then I'll walk through, step by step, how our approach is tailored to meeting those CHALLENGES. [...]
So today, what I want to do is lay out what we are endeavoring to do. And I'll start by defining the CHALLENGES as we see them--the CHALLENGES that we face. To take them on, we've had to revisit some old assumptions. Then I'll walk through, step by step, how our approach is tailored to meeting those CHALLENGES. [...]
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