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Obama: W. Hemisphere Must Be Ready to Compete Globally

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U.S. President Barack Obama says the economic systems of the Americas must integrate if they want to compete in a 21st century world.

Obama said at a regional economic forum in Costa Rica Saturday that the countries of the Western Hemisphere need the best educational and regulatory systems.  He said if the nations do not coordinate their activities, they will fall behind other regions in the world.

In his weekly radio address, Obama said Latin America represents an "incredible opportunity" for good, middle class jobs in the United States.

The economic forum was the last stop on the president's three-day Latin America trip, which included a visit to Mexico.  Obama talked about U.S. immigration reform, border security, and fighting the illegal drug trade.

Watch President Obama's weekly address:

In the weekly Republican address, North Carolina Governor Pat McCrory touted efforts by Republican governors, including his plans for job creation, which he says include prioritizing funding for training in engineering, and vocational and technical training.

Watch weekly Republican address:

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Comment Sorting
by: JKF from: Ottawa, Canada
May 04, 2013 5:25 PM
The current unrestricted globalization model, in many cases is based on gross human rights violations and no civilized country can compete with it; workers toil 12 hrs a day 6/7 days a week, with wages and conditions that are a very small improvement over slavery. The situation we just observed in Bangladesh, where the death toll stands at over 500 workers that toiled away for $30 per month, in absolutely ghastly conditions, is not unique. The drive for extreme profits, the basis of the current globalization model, creates conditions that make it impossible to compete and sustain a most basic of standards of life and humanity; it puts even life itself at high risk. Globalization without enforceable basic standards and expectations, will not sutain humanity, and will definitively not sustain a reasonable way of life. Unregulated, unrestricted markets can't sutain western life standards, thus globalization that shows no regard for human beings, is not a competitive way of life, but a competitive way to exploit humanity and life. All the warnings, with very bad outcomes, given by labour and human rights leaders, about the downside of unrestricted markets and globalization have materialized = massive unemployment, massive exploitation of the poorest of people, massive health and safety violations, massive environmental violations, massive security challenges, global unrest, massive concentration of wealth, etc.. all of it bad news for humanity. A managed, regulated and sharred type of open markets and production will work better in protecting human rights and should curtail the type of situation, which we have observed in the Bangladesh situation, and other countries; it would respect humanity, and lead to better prospects for all.

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