NATO Deputy Secretary General Geoana says there will be a premium put on economic security

NATO Deputy Secretary General Geoana says there will be a premium put on economic security


The new economic model of the world will have a premium put on economic security, and to this not only to big economies should contribute, but the small economies from the NATO member states, NATO Deputy Secretary General Mircea Geoana stated within the Global Conference of the Milken Institute, which took place in Los Angeles (the US), his communication office informed on Thursday. Cereport reports citing Agerpres

"We also need the smaller [economies] ones, the ones that don't have the Silicon Valley or the Boston cluster on bio-tech, or even the German massive economy, or the French or British or Canadian, big industry," Mircea Geoana added.

The NATO Deputy Secretary General explained "how every single piece of innovation and technology has dual use. Civilian and security. Not defence. So, there absolutely no technology now in the making, deployable, deployed or to be deployed in America, in Europe or everywhere else, that doesn't have this two faces of the same coin. (...) This inflexion point for the world and for Europe, and for NATO is going to change profoundly not only the geo-politics of the world, but also the geo-economics of the world. (...) There will be a premium put on economic security. This will affect the bottom lines, this will make venture capitalist more attractive, this will make governments to become more agile. This will be a need for us in Europe, in NATO and in democracies to nurture the innovation ecosystem which is government, private sector, academia and civil society," Mircea Geoana said.

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