José Manuel Durão Barroso
President of the European Commission
For The Daily Telegraph
The present crisis is the first big crisis of the globalization age. Indeed, some people blame it on globalization. They advocate "de-globalization" as the way out of the crisis.
Plausible as it sounds, it is dead wrong. The way out of this crisis is not "de-globalization". Protectionism and economic nationalism are false friends which fuel poverty and conflict: we saw that in the 1930s. The way out of this crisis is "re-shaping globalization".
We need to establish a global set of rules that allow us to master globalization. It is only by working together across borders that we can put the potential of the markets at the service of the citizens, and address global challenges like climate change, energy security and fighting poverty.
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