Manmohan Singh, India's Prime Minister is his recent speech to US Congress said "We admire the creativity and enterprise of the American people, the excellence of your institutions of learning, the openness of the economy, and your ready embrace of diversity."
Hu Jintao, China's President in a speech in May said "China will keep opening up its market, find new ways of using foreign capital, improve on legislations and regulations for encouraging and protecting foreign investors, revamp foreign economic management, step up protection of intellectual property rights, and work still harder to help foreign investors and create an even better environment for trade and economic cooperation between China and the rest of the world."
Promising talk, gentlemen. Now execute on your promises. Open up your
domestic markets. Allow young Americans and Europeans to come work freely in
your countries. Allow freer capital flows. Streamline your bureaucracies.
Dramatically expand your middle classes. And encourage them to travel. And try
not to bristle about "national sovereignty" every time pressure
builds for freer trade or currency revaluations.
Those of us who keep pushing for free trade, capital and labor flows in the
West in the face of growing worries, need your assurance and actions that you will push for the same on your side.
