李永 | Work Together for a High-Quality World Economy

读书嘉宾：中国国际贸易学会专家委员会副主任，中国世界贸易组织研究会常务理事，清华大学国际化研究中心资深研究员，民智国际研究院首席研究员。

英文文本：

Work Together for a High-Quality World Economy

Ten years after the 2008 international financial crisis, the global economy has again reached across roads. Protectionism and unilateralism are spreading, and trade and investment tensions are on the rise, causing disruption to the global industrial chain and financial stability. The world economy faces more risks and uncertainties,dampening the confidence of international investors.

The G20 is the premier forum for international economic cooperation. We, as the leaders of major economies, are duty bound to recalibrate the direction of the world economy and improve global governance at this critical juncture, work together to boost market confidence, and bring hope to our people.

– We should respect the objective laws governing the economy. Economic operations have their underlying laws. Fully respecting these laws, leveraging the role of the market, and removing man-made obstacles are a sure way to raise productivity, boost trade, and revitalize businesses.

– We need to follow the prevailing trend of development. The history of human society is a transition from isolation and exclusion to openness and integration, which is an unstoppable trend. We need to open up further to embrace opportunities for development and seek win-win outcomes through closer cooperation. We need to work together to steer economic globalization in the right direction.

– We need to keep in mind our shared future. In today’s world, all countries are connected, and their interests are closely intertwined. We have a high stake in each other’s future. By expanding common interests and taking along-term view, we can realize enduring peace and prosperity in the world and bring a better life to all our people. We must not allow ourselves to become prisoners of short-term interests and make irrevocable mistakes of historic consequence.