The Telegraph reports that Sarah Palin will give a speech in South Korea on October 11th, 2011:
Maeil Business Newspaper said the former vice presidential candidate would make a keynote opening speech at the forum organised by the paper from October 11 to 13.
Former British prime minister Gordon Brown and Larry Summers, ex-director of US President Barack Obama’s National Economic Council, will also speak at the event, it said.
This is not exactly a low-profile appearance and it will be while the media is focused on the GOP horse-race. Whether or not she has announced her run by then, she will still garner extensive media coverage.
Her first foreign visit after the 2008 election was to Hong Kong where she spoke at an investor conference. The WSJ published partial transcripts of her closed-door speech. On the financial crisis she said:
We got into this mess because of government interference in the first place. The mortgage crisis that led to the collapse of the financial market, it was rooted in a good-natured, but wrongheaded, desire to increase home ownership among those who couldn’t yet afford to own a home. In so many cases, politicians on the right and the left, they wanted to take credit for an increase in home ownership among those with lower incomes. But the rules of the marketplace are not adaptable to the mere whims of politicians.
Lack of government wasn’t the problem. Government policies were the problem. The marketplace didn’t fail. It became exactly as common sense would expect it to. The government ordered the loosening of lending standards. The Federal Reserve kept interest rates low. The government forced lending institutions to give loans to people who, as I say, couldn’t afford them. Speculators spotted new investment vehicles, jumped on board and rating agencies underestimated risks.
She also criticized China in forthright terms:
We simply cannot turn a blind eye to Chinese policies and actions that could undermine international peace and security. Here, China has some one thousand missiles aimed at Taiwan and no serious observer though believes that it poses a serious threat to Beijing. Those same Chinese forces make our friends in Japan and Australia kind of nervous.
China provides support for some of the most questionable regimes, from Sudan to Burma to Zimbabwe. China’s military buildup, it raises concern from Delhi to Tokyo because it’s taking place in the absence of really any discernable threat to it. China, along with Russia, has repeatedly undermined efforts to impose tougher sanctions on Iran for its defiance of the international community in pursuing its nuclear program.
In March, 2011 Palin spoke in India. She compared India’s recent economic history with the US situation:
I want the free economic choices of ordinary men & women to power the marketplace – rather than distant bureaucrats thinking they can plan & grow an economy by “government decree”. (That just doesn’t work!)
I know you understand this, because in the early 1990’s, due to clear, commonsense, pro free-market reforms, India’s economy took off!
You abolished import licenses; cut import duties; removed investment caps & broke the union’s grip on industry.
You unleashed the creativity & hard work of the Indian people; you turned away from a system where ‘Central Government’ sets targets for all sectors of the economy, to a system that lets the market set its own targets. That works.
People no longer speak of India as a “struggling economy” as they would have 30 years ago. Today we speak of India as a “dynamic & vibrant economy”. You empowered individuals & in doing so, you’ve reminded America of the free, entrepreneurial model that made our country great, prosperous & exceptional!
See, if we unshackle the creative energy of our workers, & entrepreneurs, there is no reason in the world why we can’t get back to rapid growth & prosperity!
She was planning a visit to meet Margaret Thatcher, but that visit fell through. She also visted Haiti with the Reverend Franklin Graham on behalf of the charity Samaritan’s Purse.
I think we can see why she chose to visit Hong Kong, South Korea, Israel and India. It is because they are bastions of free enterprise, and democracies under direct threat from their neighbors. Yes, Hong Kong is now part of China but its people do not live under the yoke of the Chinese Communist party. In India, she said(my bold):
The relationship between our countries could shape the course of the next century! Tilting it in the direction of free people & free markets! The future lies with us! We’re half-a-world apart geographically, but connected with much in common!
She could have said that in Israel or South Korea. But it wouldn’t have played in old Europe. Free people and free markets; that’s what she has promoted and that’s why she visited those countries.