To bring prosperity to our people, we must promote the growth that creates opportunity. In this effort, let us not forget that we have made enormous progress over the last several decades. Closed societies gave way to open markets. Innovation and entrepreneurship has transformed the way we live and the things that we can do. Emerging economies from Asia to the Americas have lifted hundreds of millions from poverty. Yet three years ago, we confronted the worst financial crisis in eight decades. That crisis proved a fact that has become clearer with each passing year – our fate is interconnected; in a global economy, nations will rise, or fall, together.
Today, we confront the challenges that have followed that crisis. Recovery is fragile. Markets are volatile. Too many people are out of work. Too many others are struggling to get by. We acted together to avert a Depression in 2009. We must take urgent and coordinated action once more. Here in the United States, I have announced a plan to put Americans back to work and jumpstart our economy, and committed to substantially reduce our deficit over time. We stand with our European allies as they reshape their institutions and address their own fiscal challenge. For other countries, leaders face a different challenge as they shift their economies towards more self-reliance, boosting domestic demand while slowing inflation. So we will work with emerging economies that have rebounded strongly, so that rising standards of living create new markets that promote global growth. That is what our commitment to prosperity demands.
To combat the poverty that punishes our children, we must act on the belief that freedom from want is a basic human right. The United States has made it a focus of our engagement abroad to help people to feed themselves. And today, as drought and conflict have brought famine to the Horn of Africa, our conscience calls on us to act. Together, we must continue to provide assistance, and support organizations that can reach those in need. And together, we must insist on unrestricted humanitarian access so that we can save the lives of thousands of men, women and children. Our common humanity is at stake. Let us show that the life of a child in Somalia is as precious as any other. That is what our commitment to our fellow human beings demands.
To stop disease that spreads across borders, we must strengthen our systems of public health. We will continue the fight against HIV/AIDS, tuberculosis and malaria. We will focus on the health of mothers and children. And we must come together to prevent, detect, and fight every kind of biological danger – whether it is a pandemic like H1N1, a terrorist threat, or a treatable disease. This week, America signed an agreement with the World Health Organization to affirm our commitment to meet this challenge. Today, I urge all nations to join us in meeting the WHO's goal of making sure all nations have core capacities to address public health emergencies in place by 2012. That is what our commitment to the health of our people demands.