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  • MINISTER FOR TRADE    THE HON SIMON CREAN, MP        TRANSCRIPTION: PROOF COPY E & OE    DATE:   12 December 2008    TITLE:  Remarks on the World Trade Organization Doha Round to the Global  Living Standards Panel, Center for American Progress, Washington DC            MR CREAN: Thank you very much, Sarah. I'd also like to thank the panel for  the opportunity and their insights today.        There are two observations I'd like to make. Firstly, the issue going to  the parallelism, I think that Rick referred to. When Australia had to  confront globalisation as a labour movement, a Labor Government and trade  union movement in the mid‐80s, we ran the parallelism line. We had to  moderate wages growth, but we traded that wages growth off against a better  healthcare system, better superannuation system, better transfer payments.  Why do I say this? I say it because as hard as it is, it works.        I think yesterday, an indication, or a prosperity index that was published  here in the United States shows Australia at the top of list now in terms  of that prosperity. So, it reinforces the point that yes, you have to  embrace the structural change, you do have to embrace the globalisation  agenda, but it's good for economic growth if you get that equation right.  The second point I want to go on to, because I really say that to give some  indication of my background - I'm not just a person here advocating trade  liberalisation for the sake of it â€ I do understand the importance of it  and the need for the adjustment factor as well. But, the second and more  fundamental point is this: that as much as it is important that the fiscal  stimulus has to occur within the domestic economies, and that that does  need to be on the stronger side, we diminish the significance of that  fiscal impact unless we also expand the trade flows. And why is that the  case? It's because world trade grows faster than domestic output.        Historically, it's a three times multiple. And each time there's been a 
    Date: 12/12/2008 - Collection: Media - ID: media/pressrel/AHDS6 - Source: MINISTER FOR TRADE - Author: CREAN, Simon, (forme...

  • Speech Port Macquarie, Wednesday 12 November 2003 To the Local Government Community Services Association NSW State Conference Making Globalisation Work For Development (check against delivery) Ladies and gentlemen I’m very pleased to have this opportunity to speak to you today. I want to begin by congratulating the NSW Local Government
    Date: 12/11/2003 - Collection: Media - ID: media/pressrel/56XA6 - Source: MINISTER FOR TRADE - Author: VAILE, Mark

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