Published: Fri, January 26, 2018
Life&Culture | By Ben Goodman

France's Macron says globalization is going through a major crisis

France's Macron says globalization is going through a major crisis

Trump was so impressed that he told Macron: "We're going to have to try and top it", adding, "we're actually thinking about Fourth of July, Pennsylvania Avenue, having a really great parade to show our military strength".

He said that he wants to make innovation the "centrepiece" of his economic policy with a 10 billion euro (US$12.4 billion) fund to finance "disruptive innovation".

"Ladies and gentleman, my first message is that France is back".

US President Donald Trump has invited French President Emmanuel Macron for a state visit - the first world leader to be extended the offer during Trump's presidency.

Macron said the European "vision, our DNA in terms of relationship between freedom, justice, fairness and individual rights, is unique" and the "kind of balance between these different values" only existed in Europe. The European heavyweights stepped up to position themselves as a counterweight to Trump's "America First" agenda.

Tensions in Rohingya camps before return to Myanmar
Dhaka is unhappy at the slow pace of the returns negotiated by Myanmar, with only a few hundred likely to be processed each day. It asks that land once occupied by the refugees be returned to them and their homes, mosques and schools rebuilt.

Mr Macron is seen in some quarters as the most powerful voice in Europe following the Brexit voice and the political woes of Angela Merkel, who has been forced to focus on forming a new government after elections a year ago.

Macron went on to emphasize again that a decision to recognize an independent Palestine will not be a reaction "following some other decision", apparently referring to Trump's December 6 proclamation.

"Globalization must make sense to people and improve their lives - otherwise we will see a new generation of nationalists and extremists", Macron warned, explaining that the world is fractured due to a less equitable growth. "We need less arms and more brains", he said. The line-up included Goldman Sachs's Lloyd Blankfein and Sheryl Sandberg of Facebook.

Social media giants Google and Facebook both pledged investment for centres on artificial intelligence, building on a pledge by the French leader to develop the country's hi-tech capabilities.

Like this: