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
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.
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.
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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.
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.
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.
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Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,
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.
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.
ideas law economics
Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
expand further hoping
Ultimately, we're hoping to expand this further (beyond Boston).
ahead basis billion borrowing clearly costs debt federal government management ongoing percentage point produce rapidly reduction savings task trillion ultimately
The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.
climate discourse government impressed notions prevailing took ultimately
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.