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And so in Beijing and beyond, we will work to deepen our strategic and economic dialogue, and improve communication between our militaries.  Of course, we will not agree on every issue, and the United States will never waver in speaking up for the fundamental values that we hold dear -- and that includes respect for the religion and cultures of all people -- because support for human rights and human dignity is ingrained in America.  But we can move these discussions forward in a spirit of partnership rather than rancor. 

In addition to our bilateral relations, we also believe that the growth of multilateral organizations can advance the security and prosperity of this region.  I know that the United States has been disengaged from many of these organizations in recent years. So let me be clear:  Those days have passed.  As a Asia Pacific nation, the United States expects to be involved in the discussions that shape the future of this region, and to participate fully in appropriate organizations as they are established and evolve.  (Applause.)

That is the work that I will begin on this trip.  The Asia Pacific Economic Cooperation forum will continue to promote regional commerce and prosperity, and I look forward to participating in that forum this evening.  ASEAN will remain a catalyst for Southeast Asian dialogue, cooperation and security, and I look forward to becoming the first American President to meet with all 10 ASEAN leaders.  (Applause.)  And the United States looks forward to engaging with the East Asia Summit more formally as it plays a role in addressing the challenges of our time.

We seek this deeper and broader engagement because we know our collective future depends on it.  And I'd like to speak for a bit about what that future might look like, and what we must do to advance our prosperity, our security, and our universal values and aspirations.

First, we must strengthen our economic recovery, and pursue growth that is both balanced and sustained.

The quick, unprecedented and coordinated action taken by Asia Pacific nations and others has averted economic catastrophe, and helped us to begin to emerge from the worst recession in generations.  And we have taken the historic step of reforming our international economic architecture, so that the G20 is now the premier forum for international economic cooperation.

Now, this shift to the G20, along with the greater voice that is being given to Asian nations in international financial institutions, clearly demonstrates the broader, more inclusive engagement that America seeks in the 21st century.  And as a key member of the G8, Japan has and will continue to play a leading and vital role in shaping the future of the international financial architecture.  (Applause.)

Now that we are on the brink of economic recovery, we must also ensure that it can be sustained.  We simply cannot return to the same cycles of boom and bust that led to a global recession. We can't follow the same policies that led to such imbalanced growth.  One of the important lessons this recession has taught us is the limits of depending primarily on American consumers and Asian exports to drive growth -- because when Americans found themselves too heavily in debt or lost their jobs and were out of work, demand for Asian goods plummeted.  When demand fell sharply, exports from this region fell sharply.  Since the economies of this region are so dependent on exports, they stopped growing.  And the global recession only deepened. 

So we have now reached one of those rare inflection points in history where we have the opportunity to take a different path.  And that must begin with the G20 pledge that we made in Pittsburgh to pursue a new strategy for balanced economic growth.

I'll be saying more about this in Singapore, but in the United States, this new strategy will mean that we save more and spend less, reform our financial systems, reduce our long-term deficit and borrowing.  It will also mean a greater emphasis on exports that we can build, produce, and sell all over the world. For America, this is a jobs strategy.  Right now, our exports support millions upon millions of well-paying American jobs.  Increasing those exports by just a small amount has the potential to create millions more.  These are jobs making everything from wind turbines and solar panels to the technology that you use every day.

For Asia, striking this better balance will provide an opportunity for workers and consumers to enjoy higher standards of living that their remarkable increases in productivity have made possible.  It will allow for greater investments in housing and infrastructure and the service sector.  And a more balanced global economy will lead to prosperity that reaches further and deeper.

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