However, another very dramatic feature of globalization is that it has brought more than a billion new workers into the global economic system from China and India. Some observers claim that through its sales of low-cost goods, developing Asia – and especially China – has been "exporting deflation" and will continue to do so until wages in these countries rise.
I quote from your latest report: “By placing Europe in a much stronger position vis-à-vis the United States of America and other countries, the introduction of the euro improves investor climate and ultimately favours employment. Also, the use of the euro will rapidly develop world-wide, in proportion to the external trade of the European Union which already ranks first in the world”.