Jamus meets the President of Kosovo.
12 hrs ·
Yesterday afternoon, I had the privilege of meeting the President of Kosovo, Vjosa Osmani, as part of a parliamentary delegation hosted by our Speaker, Tan Chuan-Jin, at Parliament House.
Like us, the challenges that Kosovo faces are those associated with finding a place in the global economy, and garnering the respect of other nations in a crowded world. We have been able to do so by embracing our internationalism and connectivity. This is now being threatened, on two fronts.
First, cross-border linkages have weakened. This is sometimes referred to as “deglobalization,” but is probably better characterized as a stalling of traditional international integration (in goods, capital, and labor), coupled with supercharged growth in modern connectivity (technology, information, and certain services). Second, there has been complacency in recognizing and addressing the wrenching pains faced by workers in a rapidly-transforming global economic landscape has meant an increase in populist and nationalist sentiment in many jurisdictions worldwide.
Both of these forces mean that governments of open economies will need to be nimble in responding to the needs of their population, as they face rising pressure from higher prices, displacement from certain jobs, and rapid advances in technology. It is insufficient to argue that these changes are inevitable, and we simply need to cope with it on our own. Populations look to their leaders to set the direction in which they should row, what sort of jobs they should be reskilling for, and how they can remain relevant in a rapidly-transforming economic landscape. This isn’t just about growth, but inclusive growth; economic progress that delivers a high quality of life, while leaving nobody behind.