Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
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What is happening in India and China... The integration of the four-fifths of the world where people are poor with the one fifth of the world where people are rich, has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution.
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With respect to the action that was taken, it was certainly a constructive step reflecting a careful attempt to respond to pressures that had gathered in the oil sector over time,
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There are issues of intrinsic aptitude ... I would like nothing better than to be proved wrong.
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There can be no successful economic development without economic growth, ... There have never been greater technological opportunities to promote convergence than there are today.
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There has not been a time in the last century where there has been so much misunderstanding of the US and so much misunderstanding by the US of the world,
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The government has done its part, now it's time that people do their part, ... We have never, in our country, had a moment of economic expansion as strong as the present. So right now it is critical to plan for future.
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We have been pleased with the market response (to the 10-year indexed notes), ... A liquid market has developed.
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The off-center portrait (of Lincoln and Hamilton) has been enlarged; the fine lines printed behind both the portraits are now much more difficult to replicate than the earlier original,
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It should not be a source of low-cost financing for countries with ready access to private capital, or long-term welfare for countries that cannot break the habit of bad policies,
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It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
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TARGETING POOR ZIP CODES. This is a clear and unambiguous commitment.
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We've seen some indications that there may be some hoarding behavior, but there are many, many factors that influence oil prices, both with respect to the short run and over the medium term, ... But there's no question that -- as in any freely trading market -- there's a psychological element that enters in from time to time.
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But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place.
I've always thought that underpopulated countries in Africa are vastly underpolluted.