"This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many"

Barack Obama’s words highlight a pivotal challenge and responsibility that comes with economic progress driven by open markets and global trade. Open markets, fueled by the exchange of goods, services, and ideas across borders, have generated significant wealth over recent decades. Many countries have experienced growth, poverty reduction, and modernization, all linked to their inclusion in the global economy. Obama acknowledges these achievements, affirming the essential role that free trade and open markets have played as catalysts for economic development and prosperity worldwide.

However, the passage also draws attention to an underlying imbalance: even as open markets have enriched societies, the distribution of these gains has not always been fair or widespread. In practice, economic globalization can create winners and losers, sometimes confined within particular industries, classes, or regions. Those with access to capital, education, and influential networks often reap disproportionate rewards, while millions may see little tangible improvement in their lives. Obama makes the case that, while free trade is desirable and beneficial, its legitimacy and viability depend on its ability to provide shared prosperity, not just enrichment for the privileged.

Sustained growth, a dynamic, ongoing process, cannot be achieved if it breeds insecurity or resentment among the majority who feel left behind. When economic systems appear rigged in favor of the few, they risk eroding social cohesion and trust in institutions. This can lead to political instability, protectionism, or populist backlash, threatening the very foundations of economic progress. Therefore, Obama calls for a collective effort to ensure that the prosperity generated by open markets is distributed more equitably. This entails policies aimed at broadening access to education, healthcare, and opportunity, as well as fair labor practices and safety nets to support those adversely affected by globalization. The central message is that inclusive growth, where all segments of society benefit, strengthens both economies and societies, laying the groundwork for a sustainable and just future.