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As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.
We know that to compete for the jobs of the 21st century and thrive in a global economy, we need a growing, skilled and educated workforce, particularly in the areas of science, technology, engineering and math. Americans with bachelor's degrees have half the unemployment rate of those with a high school degree.
There's this constant narrative of anxieties: Is the U.S. in decline? Is China rising? People forget... no other country is trying to play the role we play. They're not signing up to be responsible for security in the Middle East, responsible for the global economy, responsible for enforcing international norms.
There are more humans than all of the rabbits on earth. There are more of us than all the wildebeests, than all the rats, than all the mice. We are the most numerous mammal on the planet. But because we're not like rabbits or rats or mice, we have technology, we have a consumptive appetite, we have a global economy.
If the Chinese economy can be opened so that currencies are convertible, Chinese tourists can take money and go see the world. Chinese businessmen can go and buy property in the U.S. and France and every place. All of a sudden, it's just going to be a blossoming global economy. I think it's going to be good for everybody.
Firms gain comparative advantage from how good their people are. Retaining and attracting talent is a key point of competitive advantage in the global economy. We are seeing that play out, and there are implications for Australia, too. The idea that companies now compete on who can pay their workers the lowest - that's all changing.
People who are running for office mislead the American people by saying that there's a three-point plan or a bumper sticker kind of way of bringing down gasoline prices. The fact of the matter is that nobody can do that. The price of oil is set on the global economy. People who have looked at this closely and hard know that's the case.
If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?
Growing up in Israel, how can I not be an optimist? When you remember what Israel was 50 years ago and you see Israel now, one of the most successful countries in the world, stable, democratic, with an enormously stable economy despite everything that has happened in the global economy in the last few years, how can I not be an optimist?
In pursuing economic growth, India and the United States share similar values and similar challenges. We understand that the global economy is here to stay. To keep growing and leading the world in innovation and opportunity, the United States and India must trade freely, openly, and according to the principles of the global marketplace.
Wireless is the largest information, communication, and technology platform in history, and mobile broadband is transforming how we can deliver educational materials and experiences to all students. The technology now exists to support learning on a massive scale and advance the 21st century skills needed to compete in the global economy.
For Americans, with the advent of the U.S. invention of the Internet, free speech is not just open dissemination of ideas and information. It includes limitless instant access to those ideas and the ability to choose and search from among virtually unlimited sources. It is also the backbone of free enterprise and a vibrant global economy.
Pope Francis emphatically does not buy the argument that poverty can be alleviated by the 'trickle down' effects of wealth creation. He is deaf to arguments that the global economy has brought a billion people out of poverty. He is convinced, in short, that the best and only way to expel poverty is fairer distribution of the world's goods.