as last minute you will surge in developing countries more than a 1000000000 people. went out of poverty and. yet the lately. if you take an income level of fight at the point 5 years dollar spent a person is you know. then according to the world bank estimates. in china that a number of people who are lower incomes went down from 1100000000 in 1992 lower then 300000000 units recent years if you look if you take russia with you that went down from 64000000 people in 1993 in 1992 about 5000000 currently we also believe in places that have laws it's even a step forward at even less the untruth i mean the most important area you would you mind yet me if you. will quote we also need to ask

ourselves what was the heritage and the nature of global growth who benefited most who goes oh we really as i said developing countries benefited a lot because they capitalized on the. national with our growing demand for their products for their export going to which team is that it. helped to create new jobs it helps to boost exports revenues but it also led to some social consequences broadening capital in cannes. that you can now what's happening in developed nations. when the level of welfare that he has is that you know. the. paradox sickly and usually will be different. in ink and even more dire going to the world bank

he said to. me the. take the u.s. in the year 2000 this would mean that we had more than 3600000 people. and in 2016. it was $5600000.00 people who had an income of $5.00 u.s. dollars. during the same time major transnational corporations 1st of all u.s. and european companies burned much bigger revenues and i know you we have the same trend elsewhere but when you come now again the who the who got those proceeds is the answer is well known no it's obviously just one percent of the population and. now what happened elsewhere but it is that yep within the past this week. is. some of the

ministers who he has or half of the people nearest me. i would having the same incomes that i was going flat level of income but the education costs health care costs went up. 3 times. millions of people even in rich countries that don't see any prospects of having high revenues. at the same time they need to take care of the health of the one. of their parents and their families they need to save to pay for their children's education there's another a lot of reasons that although there are high jobless numbers the wouldn't to the w. . could into the ilo that 21 percent or 267 young people in the world have never studied and have never owned

a job previously because it is now even if you take a v.m. the whole oid do that with a 30 percent. leave with a in income level of lower than 3.2 dollars a day with a little used them as it is there but even with that and so that's a kind of misalignment that you see in the world and that was the direct cause of the policy pursued in the 1008 cities and the goal is again these policies were based on some dogmas against the washington consensus. that there were some tacit hidden rules when you're doing. it all on one growth relies on private debt and deregulation of corporations. the 19 pandemic as i said only. exacerbated those issues and so that in the

last year the economy in good dropped must in the ceiling which. you found in the labor market of which you. we lost about 500000000 of those with jobs well yes later on i mean you want to hold grudges and we were able to restore some of the jobs but again we could be permanent losses the modern 50000000 pieces of a very big or it was very hard to get to that war that we need 9 months or 2023 lelie this or. that 3.5 trillion worth of loss of ink and it just doesn't sell in the belief around the world and it continues to grow it means that socially engineered it is also on the rise but the poster called it 1000 recovery that you know that he's facing some bumps on the road but if he's issued 20 to 30 years ago the rich get by the countries which have relied on stimulative mantric anomic policies that

you know it's more they didn't was they continue to do it but these mechanisms frame where x. is shit. no longer have the capacity to do that. and. again that's what the i.m.f. says the debts public and private sector. is going to close to 200 percent of global g.d.p. and in some countries it's a car then 300 percent of g.d.p. we're firm that is but that's right nathen public and private lives but in youth and some countries in the interest rates are almost 0 that of the illusion is that when you developed nations and in developing nations key developing nations they are at historically low rates because they should use this why you cannot stimulates reinvigorate the economy through traditional way by the way american humping liquidity into the economy and the so-called quantitative easing only inflames the bubble. inflates the prices if financial assets and you further

leads to polarization in society there is the virtual economy there is the real economy. and that he can very often not hear that from the real sector of the economy from different parts of the world and designed to stand out of most of the business leaders would agree with me were watching us to suit the gap between the real section the virtual sector could lead to on which the president of the unexpected sat a little shocks the hopes for a reset in the previous the comic framework relies on a booming your growth based on technology indeed we sort the foundation being laid down for the so-called 4th industrial revolution that would hardly say ah i robot 6 automation. would all of the get of the covered 9000 you can jam make accelerates

into a new technology and r. and d. in this area. it will also lead to structural changes particularly in the labor market. moves with. it about so it means that a lot of people would be out of job and these are the middle class or the movie without him in the world and this is the core of any society if they should fast points to the 2nd fundamental challenge. for the next decade and this is the political one community or the challenge they please to social racial or ethnic tension. and that result and that is you cannot be seen even in those countries with established democratic socialist magician's you are supposed to mitigate so and contain it and such an incidence and

social and economic decisions that would prompt such a public uproar over women at it with the way that requires the extra attention to these new issues need to be addressed. in the way it. could be tempted to think it could be ignored she has new business it opens in which it would be thrown down under the rug because they will not believe in any case the society will dissipate both politically. and socially but there are reasons for people to be discontent. at the real reasons for that they apply to everyone regardless of their political affiliation regardless of their views. it hears of it and with it any but i b m b that was asked for the real problems real problems caused discontent now there is one other point. if you like. so for all we gun modern technology

digital giants now are going to be playing an increasingly high role and we often hear that scene conversations particularly to the election campaign in the u.s. and these are not just technology giants not just economic china's like in some areas in fact to compete with state just let that 1000000 of them if we do it if they have billions of use it as it were that we're going to defeat it because it's human nature to chase to easy and people spend a lot of time in those ecosystems to be that if they have to actually have a monopoly it may be good for the governance of norman if i leave them their operations and people wonder does such a monopoly. coincide or isn't in line with social enterprises

it offers so many services but with good it consulate a big data. and it can. use the data to manage a given to the community at its own discretion you i'm going to need you it served in there but i want your limits right rights of the people to leave what would you choose. to speak out. we have seen that and we saw it's in the do it in the us and everyone knows what happened with it you know everyone knows what i'm referring to. and i believe that most of the people who share this point of view share mine and point of view have been in various who are watching these broadcasts and with the next crisis that we face only this decade. further tension around the world.

in foreign affairs and these we can resolve social not cannot make issues could force the governments to find scapegoats. so that you can redirect the anger of your people not your shameful and we've been seeing in time is like this the. degree of the human thing in the kind of package of rhetoric which only rising it's going to get see more pressure on those countries who disagree that they need to be a go but you know satellites are always in the state of a b.g. and we could see legal sanctions. restriction sane telecom united but i will. admit that when you open a game with ants in your rules can also result in can also increase the risks of

the use of force the use of force under some. fake your reasons for flag operations and that could lead to new hotspots around the world. and these are concerns for russia these might be another group who will put you in each you is that despite this. mix of challenge threads that actually particularly to distinguish participants we still need to have the sheep are positive. and look at the center mentally to the geet you need. definitely there are no silver bullets but that's. what we would still need to work together. to become close an individual to identify the sources of that global attention to it because that's what we need to work together in the news again as i said global growth if you will is fundamentally on stable

because there are a host of social and economic issues so how do we move forward. to restore the flow and national economy and fast way this is an important but we also need to make sure that this recovery going to be sustainable in the long term and would rely on some really good quality. so that it could help us 2 of the 4 overcome some social and economic imbalances given directions in the macroeconomic policy when. it definitely we would have to rely on in the budget if a school stimulus and central banks and state budgets would be painting increasingly important role to move in the. developed nations and in developing nations to we are seeing these trends and. it would.

if there were we need to see more responsibility between the nations we need to see more cooperation between the form of the countries saying that we should include you often hear the calls for inclusive growth using if we're using it in the conditions that need to be. divided before in distant leaving of everyone that's war we hear it different when the multilateral 4 this is the right way forward. to me of him and. as the rain economic i definitely want to leave it there in the world cannot trust built an economy that would benefit the interests of just 1000000 or even 1000000000 to golden 1000000000 no such model would be we can sustainable and the recent events including by gratian crisis have. reaffirmed at least these the dead and so

we heard a lot of talk but we need to start to do something that you know we need action. to olivia 8 in that was abusing it living in the social inequality within the nations an event further on globally the main migration crisis it would be in the be that you ego me. i think of the past because of the work was and so we need to have better alignment not really that important in the economy everyone should have the same level playing field regardless of where people are born and where they leave their 4 priorities as i see them. which was a bit you know little is going to melt i might say some words that you are already aware of here. since we have a chance to share our position we fall into that we need to have a comfortable. place of living and what it needs it's all about infrastructure

energy infrastructure utilities and good environment. we need to protect nature 2nd people need to be certain that they will have a child who will give them a stable income growing income and in decent anyway of life living standards they need to have access to with efficient mechanisms of education. learning people need these to be able to build their career and after that is they need to be able to get. we sent that retirement package you need to google the 3rd people need to have access to quality health care going to the city in the move. they need to get you have access it's you and i . knew you were. in it with more health services 4th or got

most of the income in the family children need to have access to educational. realize their potential every child has their own potential and this is the cornerstone of a new column if there are where people are not just mains but the ultimate goal with all of the countries that can reach progress in those areas now former 1st year priorities and again this is not an exhaustive list but obviously it's about weight only those countries who can achieve progress along these lawn areas. countries will be able to ensure who inclusive and sustainable growth and this is part of the strategy that the russian. priorities revolve around family as you keep. saying look at the number of people in our country i would imagine if their health were doing the easy we want as you can from

the provide the right conditions so that people can leave that i would. the people in egypt who develop their own pistols digital transformation should benefit not just a narrow circle of people bustling time nation that nubile the focus of the efforts of the civil society to be business community and the governments on these pirates he's a fiscal policy and i do going forward as we move on a national goal see if we're also into international cooperation. and then just i believe that collaboration with. what you are so. canonical actually and would posit it really affects international affairs 2 of them there is interdependency between the nations the man is that would definitely help to build confidence this is extremely important people today as we speak. with 3 and the alumina

by laramie or by they used to be a chance to build a centralized uni polar world order that. over but actually it's. never materialized it was just an attempt but it's over such a monopoly. by its nature. would run counter to. cheat which relies on many civilizations. as it used to be the history and there are many center city gravity many civilizations with their own models the later google models there are a network with the knowledge constitutional you can exist while we need to align the interests of all those sent. a little so that there is a natural competition to do it so that it wouldn't lead to a serious of protracted conflicts war in an acute. image of the us and this is why

we would need to. strengthen it is our institutions that are in charge of peace and security around the world and we need to come up with the same rules in politics and the economy and trade it was i said many of these institutions are struggling and that. we talk about that during these different summits they were set up in a different era. and. no jackie really could be hard for them to you know address that intemperate challenges but it doesn't mean that we have to scrap that framework that's architecture without coming up with something new that those institutions have a unique experience of working with them with. huge potential bluntly and to have to be even though we need to readjust it to contemporary realities but it's too old

to throw them to the spin of history with me continue working on that you should but we also need to. come up with i mean you institutions we need to focus on multilateralism and say new notion. and new concepts there are different perspectives different interpretations some believe that it's a mechanism to impose or. you dictate your will others just as long to heal in that in acceptance that you know what we need to focus on. getting the government as we gather it address issues again that would benefit everyone and it also helps you settle some regional conflicts as you know i build alliances in a trance border transit energy corridor orse and so on them because when you make is in german. friends excellencies as you understand it but there's

a lot of potential for. our joint efforts these multi-lateral the body of. positive results that we as part of the austin our platform russia and iran have done a lot to stabilize the situation in syria and we've been helping that to establish political dialogue in this country along with other countries we've been doing together and it's again going to the british successful russia has taking. mediation efforts to stop the silly season in the garden a car a block conflicts. and armenia are nations that are close to russia and we want to help them and again just as we followed the key arrangements of the o.s.c. minsk group and again there are 3 chairs russia france and the us very good role model for cooperation in november either by joining

a trilateral statement was signed between russia and india and deserve a job. and it's been largely implemented. it was them and we managed to stop the bloodshed but only this is the most important result we managed to achieve and then to still ities and thought of. those countries now getting to normal. from you and right now we need the other countries you need assistance with being in a chair in a system of displaced persons need to go back to their homes infrastructure needs to be restored monuments and heritage. monuments need to be restored to god religious sites to russia so dear abia and the us that is that the you know in the east and some other countries help to promote a look at stability to the energy markets so this format has been

a role model. between countries which could have been about that divergent polarizing opinion and so on world affairs definitely there i.e. she's. you know that well with the that you know reply to all countries you take research. you would call that 19th because you. know the. virus now has. several variants this is twi we need to bring together specialists and research institute understand how mutations are thinking apply. what are the different it's not the differences between the variants you want human and i but a u.n. secretary general has called on nations to coordinate our efforts if you will and we go that was that he call it during the g 20 summit and we also need.

to provide access to vaccines we need to assist those nations that needs assistance including african nationals julia based you know when you put it we need to ramp up tests and vaccination of the mass vaccination is available primarily to developed nations hundreds of millions of people around the world should not have even a slight hope for this and practiced such an inequality it is the result in a shared threat even. as i said the pandemic there your image again in practice it the demick going defies borders. is a little ricky's so just stay longer but i'm going to learn a lesson must we need to come up with measures which prove the efficiency. of the

monitoring of any potential outbreak like this in the future now there is another important area. got to let you know where we need coordination that would if you were going to was well actually to coordinate the efforts of everyone preservation which you know that is protecting our nature with more than that it's a progressive issue again thank you q do you even again these are words you heard before. we can only help you keep our forests of biodiversity and. to prevent some more plastic from getting into the ocean if we work together we need to find strike a balance between economic development and protecting our nature for this generation for generations to come before distinguished to sponsor the forum humans names or friends. of theirs that i met always we all know that competition between

the nations have never stopped good and will never stop it. maybe. we will see. new coal flames are going on that he would natural future leave it to the lives of 4 of our civilization if you will only 1000000 however a new stretch point that we have. and as we were before it has always helped us to unite our efforts to my critical decisions and achieve great results because the minute i believe it's not died for us this is obviously. i think it's very important as my sober mind it is possible and focus on the real answer not a radical problem that we need. improve it is balance when they get to you as this white girl will achieve it with great success you will rise to the challenges of these. 2021 like which is the plaintiff if you will now like to wrap up my

speech and i would like to thank you for your patience and for your attention thank you very much and goodbye thank you for sharing a compassionate caring presidency. not here for i was. the only business woman you know it's a chance to earn national media you will hear. region. of the nations. for new order of our union. discussions. ok we're just listening that let me piece in the russian president he was speaking

at a virtual conference the world economic forum quite a weighty speech too went on for about half an hour in essence he wasn't pulling any punches either he was talking about many macro issues global problems and he said many of these had been accelerated by the pandemic but many of these problems had existed before in particular he highlighted the problem of globalism he said while there have been many benefits in many developing countries and seen their poverty levels reduced it actually has created a wealth gap within some countries between countries too and he said that that is creating a lot of social inequality any fears that this could spill in into politics too unpopular reason as he said that we've been seeing around the world and he feared that in turn could find itself raising international tensions as governments look for scapegoats so many things many talked about there all this happened just a few hours after it's also part of your job is going back east continuing to swell

like they're huge.