Biden: 'Affirmative Task' Before Us Is to 'Create a New World Order'

In Biden's view, the "affirmative task we have now is to actually create a new world order because the global order is changing again and the institutions of the world that worked so well in the post-World War II era for decades, they need to be strengthened and some have to be changed. So we have to do what we do best. We have to lead."

He added, "This is not a zero sum game. It's overwhelmingly in our interest that China prosper, that Mongolia prosper."

Biden said the global "playing field" needs to be "leveled" so competition is fair and healthy.

With a level playing field, Biden said American ingenuity would compete with anyone in the world.

"I have overwhelming confidence in the competitive capacity of the American worker," he said.

In the speech, Biden stressed that he makes "no apology" for America when he travels abroad to make sure American companies get an "even shot" in the global economy.

The former Delaware senator also urged Congress to reform the immigration system since many foreign students educated in the U.S. are sent home after graduating.

"Instead of sending them home, we should be stamping a green card to their diploma as they walk across the stage. Literally. I mean this literally," Biden said.

"If they have a job here, they should be able to stay here. We should want them here."