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Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.

Globalization is the process by which markets integrate worldwide.

Latin America is convinced that, starting with South America, our way forward is to consolidate the process of integration: not theoretical integration - the integration of speeches - but physical integration, with infrastructure, with roads, with railways, with communications, with energy.

At Sequoia, we have opened offices in China and India, and we have made a handful of investments in Latin America/Brazil.

There is going to be globalization, but we need to do it under terms - under rules that work as rules work for our domestic economy on the dynamic of capitalism. You need to do trade in the same way.

During the boom years of the 1990s, globalization emerged as the most significant development in our national life. With NAFTA and the Internet and big-box stores selling cheap goods from China, the line between national and international began to blur.

Globalization is a fact of economic life.

In an era of global value chains, worldwide sourcing and the never-ending search for new markets, we must be careful to avoid the proliferation of regional standards. A multilateral approach holds wider benefits for more actors.

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.

As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States.