Obama: Asia's growth will benefit US
The Associated Press, Yokohama, Japan | Sat, 11/13/2010 7:59 AM
President Barack Obama says that while Asia's rapid growth will lead to competition for jobs, countries shouldn't have to prosper at the expense of other nations.
Speaking to executives at a business summit in Japan, Obama says no country should have a monopoly on trade and economic growth. He says if nations work together, they will share the benefits of their economic ties.
Obama says the U.S. is prepared to lead in Asia. He says the U.S. has a stake in Asia's future because America's success is tied to the region's rise.
Obama is in Japan for meetings at the forum of the Asia-Pacific Economic Cooperation.
