Laura Tyson, Economist – Balancing Innovative & Economic Growth – Clip

Laura Tyson, Economist – Balancing Innovative & Economic Growth – Clip


We have this very odd moment of time now where
the world has, by every single measure, except maybe short term global financial flows, by
every other measure you can imagine, the world is more interconnected. It’s more interconnected
than it was in 2007. I mean, the great recession took it all down in terms of the pace of interconnection,
but the direction continued. So we’ve got the most interconnected world ever, and at
the same time, we have the rise of nationalism. And you can see that in Russia, you can see
that in the Ukraine, you can see that throughout the Middle East. You can see that all around
the world, including in Scotland. And I don’t you know, to have the scalable
platforms you’re talking about, to have the global trade and the flow of technology and
the flow of ideas which has led to this amazing technological revolution, you need international
rules. You need rules you know, you need regional rules, and sometimes you need international
rules. So, for example, one of the things that has
completely slowed down right now are the two big trade talks, one in the transpacific,
one in the transatlantic. The transatlantic trade talks have basically
stalled because everybody has to turn their attention to the Ukraine and Russia.
So I really think we’re at a moment in time when there’s stress being put on the the development
of and the maintenance of global systems which are required to allow this technology and
all of the economic benefits of it to flow freely.

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