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
account budget current deficits demand economy economy-and-economics forward global source unbalanced
U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now.
costs demand economic growing management markets networks raise reduce successful tend
Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,
alongside economic events fifth happening india industrial last people poor potential three
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.
economic greater promote successful
There can be no successful economic development without economic growth, ... There have never been greater technological opportunities to promote convergence than there are today.
critical economic expansion government moment people plan strong time
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.
among continue cooperate discussed economic emphasized exchange financial major markets monitor rates reflect view
We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.
certainly develop economic focus market reference respect stock sustain together
Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that.
ideas law economics
Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
inspiring risk economic
Deflation and secular stagnation are the risks of our time.
law engineering economics
Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.
analyze avoid best countries create might past room situation
These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems,
families imperative national personal raising savings
Raising personal savings is an imperative for American families and an imperative for the national economy,
depends future people relations shape success
The success of the India-US relations depends on connections in other fields. The experiences of young people will shape the future of the India-US relations.
build confidence create foundation indonesia prosperity strong
to take strong steps... to create confidence and to build on the very strong foundation for prosperity that Indonesia enjoys.