4.7: Global Prosperity & Development

Promoting Global Prosperity and Development

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As the United States works with allies and partners to establish an international order that advances peace and prosperity, President Obama and the Democratic Party will continue to build three key pillars of American global leadership: a prosperous and inclusive economy, our unsurpassed military strength, and an enduring commitment to advancing universal values. To allow each American to pursue the opportunity upon which our prosperity depends, we are investing in the sources of our long-term economic strength: access to a complete and competitive education for every American; affordable health care so our people, businesses, and government are not constrained by rising costs; training to allow our workers to adapt and win in a rapidly changing global economy; transformations in the way we produce and use energy to reduce our dependence on fossil fuels and create new jobs and industry; infrastructure that fuels commerce; cutting edge developments in science and innovation that support our economy, defense, and technological leadership; and making the hard decisions to cut our deficit and put our fiscal house in order. And, because a growing and open global economy serves as a source of opportunity for the American people and a source of strength for the United States, the President and the Democratic Party have coordinated our economic actions with other countries to address financial crises and head off renewed cycles of boom and bust. We have reformed international institutions to give emerging economies a greater role and more responsibility. We have promoted trade that is free and fair. And we have supported global economic development. Abroad, just as we have at home, we have sought to build a new model for 21st century economic growth that is fair and in which every nation plays by the rules—a model where workers' rights are respected, businesses compete on a level playing field, and intellectual property and new technologies are protected. Currencies must be market-driven so no nation has an unfair advantage. Reforms must protect consumers from abuse and reflect a global commitment to end corruption. And we will continue to champion sustainable growth that includes the clean energy that creates green jobs and combats climate change.

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