Al Gore stresses sustainability of world economic growth
Al Gore stresses sustainability of world economic growth
Former US vice president Al Gore stressed sustainability of the world economic growth at the Asian Banker Summit 2005 held in Singapore, according to a summit press release on Thursday night.
Source: Xinhuanet
18.03.2005. In his keynote speech made on Wednesday, Gore warned that the creation of an unsustainable system could finally lead to currencydevaluation and capital flight.
He said that Asian countries, as the prime creditors of US debt,have a role to play in maintaining the stability of America's economy, which has been seeing high fiscal, trade and current account deficits, as well as personal debt at record levels.
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