There are many sides to the China-trade debate, and as chairman of the China Business Council, I've probably heard them all. But it's very clear to me that engagement with China is a far more promising strategy than the alternative of limiting trade and isolating China from the rest of the world. By building our economic and political ties, we can exert pressure on China to be a responsible member of the international community. Strengthening our economic linkage strengthens our voice by giving China a vested interest in maintaining stable relations with us and addressing our concerns. For every low-skill job that is exported from an industrialized country several new ones are created in places like Malaysia, India and China, giving workers in those countries the opportunity to join the modern world.
Global corporations exist first and foremost as profit-making ventures.
To be successful, companies like mine must do a superior job of thinking and operating globally and of finding and developing new markets for our products and services. Building that global mindset is core to our aspirations for the new Honeywell. These benefits are less well known than the economic ones, so corporations must do a better job of telling the business side of the story. Global corporations have evolved into one of the greatest forces of positive social change in the world. Thank you, everyone.