We reaffirmed our commitment to resist protectionism and to achieve strong, sustainable, and balanced growth.
WHITEHOUSE: Joint Statement of the 4th ASEAN-U.S. Leaders' Meeting
And finally, we continue to coordinate with other nations around the world to promote strong, sustainable, and balanced growth.
The chancellor - and everyone else - wanted more balanced growth to come out of the embers of the financial crisis.
This shift was codified by the Employment Act of 1946 and, later, the Humphrey-Hawkins Full Employment and Balanced Growth Act of 1978.
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This will produce more jobs and more balanced growth in both countries, driven in good measure by the growth of the Chinese middle class.
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And what we agreed to in previous meetings of the G20 is, is that we need to establish a framework for more balanced growth.
WHITEHOUSE: President Obama and President Yudhoyono Press Availability | The White House
While significant policy actions have been implemented since then, our common goal of achieving strong, sustainable and balanced growth as agreed in Pittsburgh has remained elusive.
We agreed that sustained and balanced growth includes rejecting protectionism.
WHITEHOUSE: President Obama and President Sarkozy at the White House
And for the first time, we spelled out the actions that are required -- in four key areas -- to achieve the sustained and balanced growth that we need.
That is why even as the Administration has worked to rescue the economy form the recession, it was also working to build a new foundation for stronger, more balanced growth.
And as the two largest economies in the world, we have a special responsibility to lead the way in ensuring sustained and balanced growth, not only here in Asia but globally.
WHITEHOUSE: President Obama's Bilateral Meeting with Premier Wen of China | The White House
And, look, I think Secretary Geithner at the G20 finance ministers meeting talked about and got the cooperation of those throughout the world in seeking a path toward that balanced growth in the future.
We have not yet achieved that balanced growth.
WHITEHOUSE: President Obama and President Yudhoyono Press Availability | The White House
It already takes about a quarter of our exports, and those exports are expected to increase as the region grows and as they pursue balanced growth as the region becomes more open to our exports.
In order to facilitate future assessments, members also recognised that policy commitments need to be as specific and concrete as possible, and need to substantively contribute towards the overall objective of strong, sustainable and balanced growth.
We understand that unless we have balanced growth, unless we have not just consumer demand here, but are selling things -- selling our products overseas, that long-term sustainable growth is going to be hard to achieve.
So our engagement there, the President's engagement in the region, is focused on making sure that countries are pursuing balanced growth going forward, opening their economies, allowing us to expand our exports to the region and create more export-related jobs here at home.
However, if we start to assume that the economy is on a balanced growth path does that not imply that the Fed will start to weigh their options of winding down the addition policy accommodation that has been extended, i.e. the Quantitative Easing programme?
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These issues include the state of the global economy, implementing the framework agreement for strong, sustainable and balanced growth, facilitating job creation, reforming the currency and financial regulation and supervision systems, stability on global energy markets, stimulating international development, strengthening multilateral trade, and countering corruption.
The G-20 launched the Framework for Strong, Sustainable and Balanced Growth in Pittsburgh in 2009 to promote the range of policy actions required to overcome the legacy of the 2007-08 financial crisis and put the global economy back on the path of strong, sustainable and balanced economic growth and robust job creation.
And China has also acknowledged that it needs to transition to a more balanced growth strategy internally where they're focusing on their enormous domestic market and giving their people the opportunity to buy goods and services and consume -- all of which will promote their growth, but also will reduce some of the imbalances around the world.
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Nor have we yet achieved the balanced global growth that we need.
But though details are sketchy, it seems improbable that China's move towards more balanced economic growth will be anything like the kind of radical leap that foreign observers would like.
Slower growth in the short run might therefore be balanced by faster growth in the long term.
The Framework for Balanced and Sustainable Growth is one that we helped to originate.
One of the key steps is putting in place additional tools to encourage balanced and sustainable growth.
WHITEHOUSE: President Obama and President Yudhoyono Press Availability | The White House
But we thought it was important for us to put forward more structure to this idea of balanced and sustained growth.
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