My values are Labour values.

I want to help build a stronger, more caring society. I am passionate about Dunedin, and I bring considerable energy and wide experience to the task of representing this electorate.

My diverse work background has given me an understanding of the economic and social levers that can be pulled to achieve meaningful change.

Please read some of the discussions included here. I welcome your comments.

- David Clark

Ecuador!

Today I delivered a speech on the economy and trade – at the 23rd Asia Pacific Parliamentary Forum – in Quito, Ecuador.

Addressing APPF conference Quito

Overall, the World gains from trade. Forums that generate cross-cultural understanding, and promote international trade are important to our well-being.

But not every individual will benefit from removing trade barriers.  In my speech, I stressed the responsibility home governments have to ensure the overall gains from trade are shared fairly.  Within any given country, some industries will prosper and some will struggle when trade flourishes.  The disparities this creates needs to be addressed.  More equal countries tend to be more prosperous.

In addition, while most prosper, sometimes globalisation can have miserable effects for individual economies.  The Asian Crisis and Argentina’s struggles in recent decades illustrate this.  Sometimes open trade does not produce immediate, generous and lasting benefits for individual countries that lower their trade barriers.

As we shift towards an ever more globalised economy, the World needs to strengthen the support mechanisms that go with it, to assist countries that struggle when subjected to the whims, moods and mistakes of international financiers.  Investment bubbles and runs on banks show that markets don’t always provide timely and helpful information to those at their mercy.

The Global Financial Crisis exposed the vulnerability in our financial systems once more.

Trade is more enthusiastically entered into when the gains are clear, and downsides are properly covered off.  And we need trade. We really do.

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