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Leaders' views<br />

4 th Park Geun-hye<br />

Lee Hsien Loong<br />

Korea<br />

Singapore<br />

Guest<br />

Summit<br />

Like many African states, a century ago Korea had to endure<br />

the agony of colonial rule. No more than 65 years ago, Korea<br />

witnessed the horrors of a fratricidal war that drove the entire<br />

nation to ruin. Only half a century ago, Korea remained plagued<br />

by starvation and despair.Nonetheless, the Korean people<br />

refused to let go of their dreams and hopes, and with<br />

unflinching conviction delivered the Miracle on<br />

the Han River.Such a feat was not achieved by<br />

the strength of Koreans alone. Without the<br />

assistance, understanding and partnership of<br />

the community of nations, including those in<br />

Africa, we would not have been able to prevail,<br />

or at least, the struggle would have been far more<br />

arduous.It is a pleasure that Korea can now offer<br />

help and join Africa a forge a new path towards the<br />

future, together with our friends who likewise helped<br />

Korea triumph over adversity. Africa has set sail<br />

on a voyage towards a grand dream of<br />

ushering in a new future.<br />

The 'Agenda 2063' that envisions an<br />

'Integrated, prosperous and peaceful<br />

Africa' presents a blueprint for such<br />

an African dream.<br />

It is a world that changes very rapidly...<br />

So, we started off doing economic<br />

development, basically manufacturing<br />

of labour-intensive things.<br />

We had to change our strategy to<br />

emphasise skills, we had to emphasise<br />

technology, we had to upgrade our people’s<br />

education and they had to be prepared to<br />

learn new jobs as they did that. You have to<br />

do it not just once but many times because<br />

after the first time, the world changes again<br />

and you have to change again.<br />

Michel Temer<br />

Brazil<br />

1 st Mauricio Macri<br />

Argentina<br />

Summit<br />

Joko Widodo<br />

Indonesia<br />

1 st Summit<br />

3 rd<br />

Summit<br />

Innovation is important… for the<br />

economy, employment, technology,<br />

education and health. It is also key<br />

for business mobilisation. We live in a<br />

country with more than 11 million people<br />

unemployed who cannot get jobs. We<br />

must overcome this.<br />

We welcome those studying abroad to<br />

bring back knowledge that can be applied<br />

in Brazil. We must establish the idea that<br />

this country is a multifaceted country with<br />

an economic focus.<br />

The first social law is the right to<br />

employment. This is very connected to<br />

another constitutional principle: that that<br />

all people act on the basis of human dignity.<br />

We preach to the private sector and ask<br />

entrepreneurs to extend their activities to<br />

provide employment, guided by the idea of<br />

constitutional human dignity.<br />

Argentina-China relations enjoy a sound<br />

momentum and huge development<br />

potential. Argentina is grateful to China<br />

for its vigorous support in infrastructure<br />

construction, financial stability, economic<br />

reforms and other aspects, and welcomes<br />

Chinese enterprises to increase their<br />

investment in such areas as ports,<br />

railways, roads and agriculture<br />

in Argentina.<br />

Argentina hopes both sides will expand<br />

exchanges and cooperation in areas<br />

such as infrastructure, finance, tourism,<br />

sports and people-to-people and cultural<br />

exchanges and is willing to provide more<br />

convenience in visa issuance for Chinese<br />

citizens. Argentina stands ready to enhance<br />

cooperation with China in international<br />

affairs, and will support China in hosting<br />

a successful <strong>G20</strong> Summit in Hangzhou.<br />

At the beginning of this year, we<br />

experienced a pleasant surprise. Even as<br />

stock markets declined and the price of<br />

crude oil plummeted, our currency, the<br />

rupiah, was stable. [Then] we received<br />

another pleasant surprise. Our fourthquarter<br />

GDP growth exceeded the forecasts<br />

of all 23 forecasting institutions. The<br />

consensus forecast was 4.8 per cent year-onyear<br />

growth. Instead, we achieved growth<br />

of 5.03 per cent, year-on-year, in the fourth<br />

quarter of 2015.<br />

In 2014, the ruling coalition commanded<br />

only a minority in parliament. In 2015, we<br />

achieved a majority in parliament. Today,<br />

a larger amount of infrastructure is being<br />

built than at any given time in the last 15<br />

years. Overall – I am cautiously optimistic…<br />

that we have reached a measure of<br />

economic stabilisation.<br />

Any errors remain the responsibility of the publisher<br />

G7<strong>G20</strong>.com September 2016 • <strong>G20</strong> China: The Hangzhou Summit 55

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