Saturday, November 17th 2012 - 23:02 UTC

US reshpaing foreign policy based on ‘power of economics’ and jobs diplomacy’

US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade, Secretary of State Hillary Clinton said on Saturday.

“Our global leadership depends on our economic strength” said Hillary Clinton

“We are shaping our foreign policy to account for both the economics of power and the power of economics,” she said in a speech in Singapore ahead of an Asia-Pacific summit in Cambodia to be attended by President Barack Obama.

After a decade attending to “a war in Iraq that is now over and a war in Afghanistan that is winding down,” Clinton said the “first and most fundamental task is to update our foreign policy and its priorities for a changing world”.

“Our global leadership depends on our economic strength,” she said, adding that the new emphasis on “jobs diplomacy” would boost US exports, open up new markets and level the playing field for American firms to compete overseas.

More than 270 US embassies and consulates across the world will operate as advocates for US companies and help achieve the newly re-elected Obama's goal of doubling US exports in five years, Clinton said.

Washington is seeking “a rebalancing of the global economy so Americans export more, Asians import more and we avoid financial crises and build middle classes”.

Clinton spelled out key initiatives in various regions, including the Trans-Pacific Strategic Economic Partnership being discussed with Asian countries, efforts to increase the US market presence in Africa and trade pacts with Latin American nations.

“Responding to threats will of course always be central to our foreign policy, but it cannot be our foreign policy. America has to seize opportunities that will shore up our strength for years to come,” she added.

Even non-military powers are gaining clout “less because of their size of their armies than because of the growth of their GDP”.

“For the first time in modern history, nations are becoming major global powers without also becoming global military powers,” she added, citing the example of Singapore, a city-state whose two-way trade with the United States now exceeds 50bn dollars.

Clinton sought to allay Asian concerns over a looming “fiscal cliff” of tax hikes and budgets cuts pitting Obama against Republican opponents in Congress, raising fears of a new US recession if they fail to strike a compromise.

“Let's be clear: the full faith and credit of the United States should never be in question. Today, as Washington gears up for another round of budget negotiations, I'm again hearing concerns about the global implications of US economic choices,” she said.

“Now, I'm out of politics, but let me assure you that for all the differences between the political parties in my country, we are united in our commitment to protect American leadership and bolster our national security. Reaching a meaningful budget deal is critical to both.”

Clinton also cited the importance of economic tools in promoting US diplomatic interests in countries like Myanmar, which Obama is visiting on Monday to encourage further reforms.

“The costs of economic sanctions and the benefits of rejoining the global economy helped spur the government to begin opening up,” Clinton said.

On Iran, whose nuclear research program is suspected of being a cover to build an atomic bomb, Clinton said a broad international coalition was producing results, including an estimated 3bn dollar a month in economic losses for the regime in Tehran.

16 comments Feed

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1 Ayayay (#) Nov 17th, 2012 - 11:36 pm Report abuse
Good job, Hillary. Seriously. Her reshaping of 'soft power' Step up the exportation of prosperity!!

Military reduction isn't appreciated by the U.S. Deep South. She's brave, and appreciated.
2 British_Kirchnerist (#) Nov 18th, 2012 - 12:03 am Report abuse
America's foreign policy is the biggest problem in the world today, even under Hillary who is far less bad than some could have been...
3 Captain Poppy (#) Nov 18th, 2012 - 04:13 am Report abuse
All you argentines BK blame the USA for everything. Look in the mirror to you own problems in Argentina
4 rylang23 (#) Nov 18th, 2012 - 10:23 am Report abuse
If anyone believes that Clinton is anything but an Oligarch and a General in the army of the World Financial Elite, then I've got a bridge in New York that I want to sell you.

Obama continued the worst of Bush's policies and came up with a bunch of his own, and Clinton (sister to Margaret Thatcher and Madeline Albright) will continue with the worst of Obama's policies, and take them even further.

Wake up America! The Bush / Obama / Clinton Dynasty is destroying you!
5 Captain Poppy (#) Nov 18th, 2012 - 02:22 pm Report abuse
All you SA's love that word
6 Ayayay (#) Nov 18th, 2012 - 09:36 pm Report abuse
This is the best tool we can export:
7 Captain Poppy (#) Nov 18th, 2012 - 10:17 pm Report abuse
Traitor is a legal definittion beyond your capacity to know how to use it I suggest to learn something real first. What could be covered up in Libya? In your infinite wisdom suuzzie, please tell me what is being covered?
8 brits are pavos (#) Nov 19th, 2012 - 04:42 pm Report abuse
@8 Conqueror Captain Poppy
this proves you are not in the USA watching CNN
try to contact Senator John McCain
9 Captain Poppy (#) Nov 19th, 2012 - 05:38 pm Report abuse
Why suzzie?....McCain is not either one of my Senators. Anytime you type, ingnorance flows from you like vomit out of a drunk. Do you actually think everyone watches cable news?....either Fox or CNN.....give me a break you indoctrinated. I really care a rats ass if you think I am Conqueror and think I am a Brit.

How do you spell deadbeat? Argentina......They have no chance on appeal, Griesa is unlikely to stay his order regarding payments as he is aware the appeal is hitting a wall and the RG nation is stalling

Early December should be something for Argentina.......Officially dismantling free speech, IMF confrontation and bond payments that will equal another default for Argentina.

How does international trade work with COD and no U$ Dollars?
10 Captain Poppy (#) Nov 20th, 2012 - 06:24 pm Report abuse
You are truly one sad individual of a person. I can almost feel feel sorrow for you as it is aparent sussie that you are a lifeless soul that really lacks any sensibilites.
11 agentscrewed (#) Nov 20th, 2012 - 08:11 pm Report abuse
con/captain p/briton the nigger
try to ejaculate,,,,,,masturbation is easy
12 Kameron de gallina (#) Nov 20th, 2012 - 09:08 pm Report abuse
I would like to have the same thing,,,,, briton the nigger
13 Captain Poppy (#) Nov 20th, 2012 - 09:18 pm Report abuse
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by with SMTP; Tue, 20 Nov 2012 13:00:11 -0800
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by (Postfix) with ESMTPA id 173761384D

Where are you sussie?
14 Kameron de gallina (#) Nov 20th, 2012 - 09:31 pm Report abuse
she is mine
15 ConCapt.Poppy is a Nigger (#) Nov 21st, 2012 - 10:42 pm Report abuse
this is the biggest port-a-john! full of crap
16 yensere (#) Nov 23rd, 2012 - 07:30 pm Report abuse
i agree

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