Brown: Economic Crisis Represents Birth Pangs Of “New Global Order”

In a speech, he will urge countries to avoid “muddling through as pessimists” and “make the necessary adjustment to a better future and setting the new rules for this new global order”, according to his office.

Official data confirmed Friday that Britain is in recession. Days earlier, the government unveiled a new package of measures to help the flow of credit in the economy, but Brown has argued global action is needed for a quick recovery.

He will warn Monday that the crisis has given the world a choice: “We could allow this crisis to start a retreat from globalisation.

“As some want, we could close our markets — for capital, financial services, trade and for labour — and therefore reduce the risks of globalisation.

“But that would reduce global growth, deny us the benefits of global trade and confine millions to global poverty.

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