15.06.2017 Montreal / Canada
At a conference held in Montreal, Canada TOBB President M. Rifat Hisarcıklıoğlu stated that a more inclusive globalization definition is necessary for women, young people and underdeveloped countries. Hisarcıklıoğlu warned that protectionism is increasing, the distribution of income in the world has worsened due to the weaponization of trade to solve political problems.
TOBB
President M. Rifat Hisarcıklıoğlu attended the American International Economic
Forum in Montreal, Canada, with his delegation and held talks with various
parties.
Speaking
at the Montreal Conference session opened with a keynote, “Rethinking
Globalization,” by the Canadian International Development Minister Marie-Claude
Bibeau, TOBB President M. Rifat Hisarcıklıoğlu stressed that SMEs are the
locomotive power behind global growth and employment and said, “The
implementation of more inclusive policies is necessary for the continuation of
globalization.”
Hisarcıklıoğlu
pointed out that almost all countries benefit from the global economic
integration process, that is, from globalization. “In this period, Turkey's
economy changed and became a global player. Thanks to globalization, Turkey has
become an upper-middle income country and per capita income has grown by more
than three times since the middle of the 80's. The volume of global investment
in Turkey has reached 150 billion USD.”
- Need
for a new definition of globalization
Hisarcıklıoğlu
reported that more than 200 million people in the world have become unemployed
and are under worsening of income distribution conditions due to weaponization
of trade to solve political problems. “The rich have become richer; the poor
have become poorer. We are fighting extremism and crises everywhere. Today, we
are faced with critical migration problems, terrorism, anti-democratic
initiatives and rising racism all over the world. These are all the
consequences of non-inclusive policies of recent years. We all know that growth
does not always affect every part of society. Moreover, it does not always
diminish unemployment or improve income distribution. So we need a new
definition of globalization; a more inclusive concept of globalization. For
women, young people and underdeveloped countries, it is necessary to define a
more inclusive globalization.”
- Meeting with Canadian Development
Minister Bibeau
Hisarcıklıoğlu
also held talks with Canadian International Development Minister Marie-Claude
Bibeau and Canadian Chamber of Commerce President Perrin Beatty in Montreal
during the conference.
TOBB
President Hisarcıklıoğlu and his delegation will hold a series of talks in
Ottawa and Toronto after their meetings in Montreal.