I recognize the United States is a superpower. It has various interests. It has to balance various things.

I think the Chinese do have visions of being a great power. And I think it's legitimate. And I don't see that that's a danger to us.

The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.

China is very important. The future growth of China, China's influence is bound to rise.

We should put more money in health. We should put more money in devising credible social safety nets for the poor.

I believe a large part of humanity will draw appropriate lessons from what is the wave of the future in the 21st century.

Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.