Transnationalisation Is Beneficial

Transnationalisation has brought countries with about 3 billion people from subhuman conditions of life into modern standards of living with adequate food, basic shelter, modern clothing rather than rags, and life spans that are over 60 rather than under 45. In the early 1950s China's life expectancy was 41 years, in 2005 it was 72.7 years. This is the greatest reduction of inequality that has happened in human history. In East Asia, this reduction of inequality has resulted from a wave of economic growth that has swept through countries like Japan, South Korea, Thailand, Malaysia, and much of Indonesia& is rapidly spreading across China, India and Vietnam . In other words, global inequality is declining fast.

A very good morning to all of you.

This, Ladies and gentlemen is the true face of Transnationalisation.

Globalization is a progressive force for creating global prosperity. Through free trade and capital mobility, it is creating a global market civilization in which prosperity; wealth, power and liberal democracy are being diffused around the globe.

Transnationalisation has increased world prosperity and organizational efforts to stabilize the world economy have significantly