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Summers helped negotiate the World Trade Organization's Financial Services agreement that opened global markets to derivatives and other financial products and made it harder for signatory nations to regulate banking in the public interest.
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July 2004: Talks in Geneva see a framework agreement on opening global trade.
The president said he would "reform export controls" and "continue to shape" an agreement that opens global markets during the so-called Doha round of World Trade Organization negotiations.
And that's why we'll continue to shape a Doha trade agreement that opens global markets, and why we will strengthen our trade relations in Asia and with key partners like South Korea and Panama and Colombia.
Next month, trade ministers from the 142 member countries of the World Trade Organization are due to meet in Qatar's capital, Doha, to rekindle efforts to open global markets to competition.
Open global trade fomented by the U.S. enables China's investment-led model to work, while serious American protectionism would ultimately make that model unviable.
Armed with the knowledge of CWQC, pursuit of excellence, highly motivated and cheap manpower, and the newly opening global market, Japanese firms became formidable competitors.
The name Alibaba was meant to evoke "open sesame" (as in opening global markets)–not "40 thieves"–and the company sought to reassure buyers and sellers that the Web was a safe venue for business.
Opening global flagship stores in New York (2006), London (2007), Paris (2009), and Shanghai (2010) was a key part of the company's strategy to boost recognition of the Uniqlo brand in global markets.
Global speciality chemicals firm Albemarle Corp has opened a global shared services centre in Budapest, Hungary.
Still, a smart, principled government should have the guts to use unilateral market-openings to spur open global commerce along; getting more prosperous along the way and challenging geopolitical competitors to do the same.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com