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Obama to Discuss Balanced Growth at APEC Summit

Written: 2009-11-13 14:35:07Updated: 0000-00-00 00:00:00

Obama to Discuss Balanced Growth at APEC Summit

U.S. President Barack Obama says he will discuss imbalances in global economic growth during the Asia-Pacific Economic Cooperation (APEC) summit in Singapore.

Before embarking on his Asia tour Thursday, Obama told reporters at the White House that his discussions with APEC leaders would center on a strategy for growth that is both balanced and broad.

He said that the strategy he envisions is one in which Asian and Pacific markets are open to U.S. exports and one in which prosperity around the world is no longer strictly dependent on American consumption and borrowing, but rather more on American innovation and products.

The remarks seem to hint that the U.S. will actively address trade imbalances by pressing South Korea, China and Japan to open their markets.

Obama added that he will hold a meeting next month at the White House to discuss measures to address domestic unemployment.

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