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Gordon Brown will say tonight that the time is right to create a "truly global society" following the election of Barack Obama in the US.
The Prime Minister will use his annual Mansion House foreign policy address to call on global leaders to forge a "new multilateralism" and "seize the moment" presented by the financial crash which has engulfed the world.
Adopting some of the more elevated language used at the election of President Obama, Mr Brown will say that "America stands at its own dawn of hope." But in a shot across the Atlantic at the President-elect, Mr Brown will urge the rejection of "beggar-thy-neighbour protectionism that has been a feature in transforming past crises into deep recessions".
Although Downing Street believes it has got the green light from Mr Obama to revive the negotiations over the Doha round of the World Trade Talks, the Democrat repeatedly expressed caution during his campaign over free trade. He said on a number of occasions that trade agreements should "not just be good for Wall Street, it should also be good for Main Street" and stressed that any agreements must improve working conditions around the globe.
Mr Brown will hope that his speech builds on his role as "global Chancellor of the Exchequer" which was formed during the financial crisis, as Britain led the way with the solution to the banking bailout. The Prime Minister is one of at least 20 world leaders meeting in Washington at the invitation of President Bush to discuss reform of global financial institutions and the regulation of financial markets.
Mr Brown will say tonight: “Uniquely in this global age, it is now in our power to come together so that 2008 is remembered not just for the failure of a financial crash that engulfed the world but for the resilience and optimism with which we faced the storm, endured it and prevailed. And remembered too for how in doing so we discovered and refashioned the global power of nations working together .
“And having shown the power of coordinated global action to recapitalise our banks and cut interest rates for homeowners and businesses, this weekend in Washington we will seek to go further, launching the process of rebuilding the international financial system.
“So while I see a world that is facing financial crisis and still diminished by conflict and injustice I also see the chance to forge a new multilateralism that is both hard headed and progressive. And if we learn from our experience of turning unity of purpose into unity of action, we can together seize this moment of change in our world to create a truly global society.”
Downing Street has played down the chances of a far-reaching deal being agreed next Saturday at the meetings, suggesting that it will mark the start of a process. Finance ministers, including Stephen Timms, the Financial Secretary to the Treasury, met in Sao Paulo on Saturday to discuss the agenda for next weekend.
Robert Zoellick, the President of the World Bank who attended the meetings, said after the meeting "it's too early to say" what progress was made toward establishing a new system. He warned that divisions between the major players were still holding back progress. "I think this is one of those fluid periods where people are trying to get a sense of the right mix of countries and institutions to be able to solve problems in a way that is effective but also legitimate," he said.
Mr Zoellick added that "there are certainly countries jockeying for position" but noted that "there is a clear recognitiion about various steps to improve financial regulation and supervision."
President Sarkozy has been pushing for greater regulation of the financial markets to be embraced by world leaders on Saturday, but Britain has been more cautious. However tonight Mr Brown will urge all sides to put aside differences and call on both the Europe and the US need to work more closer together.
He will say: “The alliance between Britain and the US - and more broadly between Europe and the US - can and must provide leadership, not in order to make the rules ourselves, but to lead the global effort to build a stronger and more just international order. The transatlantic relationship has been the engine of effective multilateralism for the past 50 years.
“As America stands at its own dawn of hope, so let that hope be fulfilled through a pact with the wider world to lead and shape the twenty-first century as the century of a truly global society. And I believe the whole of Europe can work closely with America to meet the great challenges which will test our resolution and illuminate our convictions.”
Mr Brown will set out the five great challenges the world now faces: the need to reassert faith in democracy and win the battle of ideas against terrorism and extremism; the need to strengthen the global economy; tackling climate change; resolving conflict and the need for a new stabilisation and reconstruction agency ready, through civilian as well as military assistance, to rebuild conflict-ridden and fragile states; and meeting the Millennium Development Goals.
He will conclude with an appeal to world leaders: “My message is that we must be: internationalist not protectionist; interventionist not neutral; progressive not reactive; and forward looking not frozen by events. We can seize the moment and in doing so build a truly global society.”

Sam Coates's blog about Westminster, politics and spin
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Everything predicted in the Bible, in the book of revelation is coming true. A one world government and a one world economy. We are headed for the "end times".
Dianne, ETNA, MAINE
Brown seems to have caught Blair's disease - posturing on the world stage. Probably no country is any more interested in what he has to say than we are in the UK. He's becoming an embarrassment.
Lin, London, England
Brown's posturing is becoming more than just a joke - it's embarrassing.
David, London, UK
I've no idea why Brown is so excited about protectionism given the UK has absolutely nothing left worth protecting.
DickW, Aberdeenshire,
Bruin is at risk of saying "must" to Obama, who is tantamount to a prince. He needs to learn again that old saying "there is no "must" for princes"- Queen Elizabeth I
peter c, Devizes, Wessex
Brown has as much credibility in advising Obama as Bush - after all he and Bush were until this year infatuated by the 'masters of the universe'. Maybe Brown is trying to hide his embarassment at fawning at the wrong crowd??
But really this move is utterly crass and I expect it to backfire.
mike Norton, Nagano, Japan
Amusing so many people lecturing president elect Obama who does not take office for another 2 months. All countries should be working on solving the very substantial problems within their own borders before trying to fix everybody else's country. That's how you fix the world. Start at home.
OS, Phoenix, US
Brown, one comment here, says. could not run a whelk stall. I agree.
Sold the gold, and emptied the countries piggie bank. Did not guide the incompetent FSA. Now has the cheek to lecture the World on fiscal policies.
Hopefully they realise the man talks out of the Nether Regions.
Eric Brown, Newport, Wales
Doha has been long dead. Protectionism has always been around in First World nations in subtle forms. We need a new trading pact for the developing world to benft
Jiesheng Li, Birmingham, UK, United Kingdom
Way to go, Brown, I write this from India and we all admired way he led the world ( and taught Hank Paulson) on treasury management. The US cant be protectionist at home and yet cry when others do. Charity begins at home, Barack. Do unto what others what you expect others to do to you. Hypocrisy?
Ramesh, Madras , India
To Kevin, Chicago,
With any luck the British electorate will give Brown that exact message as soon as he has the guts to call an election.
Sean, Surrey, UK
I wouldn't trust Brown to run a welk stall.
His (lack of) control over borrowing & lending got us into this mess.
Yes, the Americans might have put some large icebergs into the ocean but G. Brown didn't have to steer into one of them.
All of our pensions & savings destroyed - FOR YET MORE DEBT.
Phil, Preston,
How vulgar! How lacking in discretion! The week before last Brownie was on the road begging for hundreds of billions of dollars. Now he's substituting his 'judgment' for that of the US electorate less than a week after their election. That was a week that was! Bring back Frost and Martin and gang
Chris, Hamilton,
As this GLOBAL financial crisis has shown, we need this kind of international leadership. The countries which can best work together to utilise each others strengths will prevail as we go forward... anyone who says that they do not want to join the global society is doomed for failure.
Charles, Innsbruck, Austria
The only thing that Brown's "truly global society" has given us is failed social engineering (multiculturism) in the UK, our total capitulation to EU megalomaniacs, further exploitation and poverty in 3rd-world countries and a global recession. Shove it - and him!
Rog J, Portsmouth, uk
Brown is telling the Saudi's, Brown is telling the Chinese, Brown is telling Obama, Brown is telling the G7. Who does he think he's kidding. He might well be talking to them but I suspect they wouldn't take kindly to lectures from the architect of the UK's current ills.
A.Williams, Cradley Heath,
Few people listen to Gordon Brown these days. Like George Bush he is well on the way to becoming a has-been.
Neil, Gloucestershire, England
Openskies is an excellent example where recent US commentators are calling for the 2nd part not to be ratified.
Will EU and UK politicians be strong enough to in turn reverse the 1st part from last year and kick new US carriers out of LHR if the US government adopts this protectionist agenda?
David, London, UK
Obama must be thinking 'who is this guy?' I wonder how long before he takes to saying:"Yo, Brown!" this is 2008 and he is a falied disappointed man, not 1953 and Winston Churchill. More evidence of the 'flawed character' that was leaked from number 10 in Blair's day?
David Gardiner, Wolverhampton,
No To the NEw World Order.
Wake up people!
mr Dometrios, Swindon,
Problem with so called global free trade is it does nicely for some large business and directors but noyhing at all for jobs. There is no such thing as a level playing field.
C Darken, Nantwich, UK
The last thing Obama needs is advice from Brown!!
Steve, Coleshill, U.K.
It would be a good thing if the USA decided to join the human race. It is a big world out there and whilst the USA saw fit to go down a path of ,"Go it alone",It still expected the rest of the world to listen to it. Come on Obama, dip your toe in the water of humanity, it's lovely to have friends.
Paul Clyne, Redditch, UK
That's right, Kevin from Chicago. You tell 'em - there's absolutely no need to be accountable to the rest of the world or pay any attention to anyone else at all, as America's financial regulation and controls have been working so beautifully so far without assistance...
oh wait...
Liberty, London,
I don't think Mr Brown is different from everybody else by taking the early opportunity to advise the incoming President Elect. Will it be considered? I'm sure but will it make a real difference to Mr Obama's stated agenda, I doubt it. Mr Obama has a clear agenda of change, listen and adapt Mr Brown
Paul, Locarno, Switzerland
Kevin - if you dont want a global society then why are you trying to invade just about every country to force the American way on them.
Tom, Reading,
Kevin from Chicago: I have two words for you:
Smoot-Hawley.
Neil, London, UK
It's all talk and mirrors designed to stop people finding out that what is being fixed was partly broken by him.Physician hea.l thyself first
rogerb, bridport, uk
Free trade? The US has always been protectionist, sometimes in subtle but effective ways. And how come most of the UK utility companies are now foreign-owned. As ever, the UK takes all the disadvantages of whatever the latest ecomonic fashion is, while othes plunder the UK consumers pocket?
Name withheld, Manchester,
We don't want your damned "truly global society." Brown and the other frontmen for the Eurocrats are banking on what they presume to be Obama's naivete to lead us like sheep under the control of the IMF, the World Bank, and Brussels. I hope Obama has the guts to tell Brown to shove it.
Kevin, Chicago, USA