Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Portfolio

Loading...
Select Portfolio and Asset Combination for Display on Market Band
Select Portfolio
Select Asset Class
Show More
Download ET MARKETS APP

Get ET Markets in your own language

DOWNLOAD THE APP NOW

+91

CHOOSE LANGUAGE

ENG

  • ENG - English
  • HIN - हिन्दी
  • GUJ - ગુજરાતી
  • MAR - मराठी
  • BEN - বাংলা
  • KAN - ಕನ್ನಡ
  • ORI - ଓଡିଆ
  • TEL - తెలుగు
  • TAM - தமிழ்
Drag according to your convenience
ET NOW RADIO
ET NOW
TIMES NOW

Can't pretend automation doesn't exist, need to invest in people's skills: Barack Obama

ET Online|
Updated: Dec 01, 2017, 01.29 PM IST
0Comments
Obama called for preserving the liberal order that has brought economic prosperity to the world and saved it from another world war.
Obama called for preserving the liberal order that has brought economic prosperity to the world and saved it from another world war.
Former United States President Barack Obama emphasised on the need for India and the US to work together to solve problems that are posing a challenge to the global order.

Speaking at the Hindustan Times Leadership Summit, Obama lauded the role played by India and Prime Minister Narendra Modi in the Paris Climate Change conference.

The former president praised the Indian Prime Minister Narendra Modi's role in modernising certain elements of bureaucracy.

On the forces of automation that are sweeping the global economic order, Obama said that there is a need to invest in people and their skills. "We can't unwind globalisation and pretend that automation doesn't exist," Obama said.

The former president argued for a new tax code meant for a changing economic order where those who benefit from it pay back for the development of less privileged in order to reduce inequality.

Calling the partnership between the world's oldest and largest democracy a "defining one", Obama focused on the similarities between the two countries and the values they shared.

Obama called for preserving the liberal order that has brought economic prosperity to the world and saved it from another world war.

On religious tolerance, the 44th US President said that India has an enormous Muslim population that is successful, integrated and it is something that needs to be cherished, nurtured and cultivated.

"There's a counter narrative taking place, at all times, but it's particularly pronounced now... in Europe, US and sometimes in India where those old tribal impulses reassert themselves under leaders who try to push back and under leaders who try to exploit them," Obama said.

Giving a glimpse of his humorous side, Obama quipped his dal and keema making skills are excellent but my chicken is okay.

0Comments

Also Read

Barack Obama to address town hall in Delhi tomorrow

Meet the woman behind interpreting and translating speeches for Narendra Modi, Barack Obama

Barack Obama slams 'politics of division' on return to campaign trail

Barack Obama personally warned Mark Zuckberberg over fake news: Report

No evidence that Barack Obama wiretapped Trump Tower: US Justice Department

Comments
Add Your Comments

Loading
Please wait...