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.
More Quotes from Lawrence Summers:
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,Lawrence Summers
There can be no successful economic development without economic growth, ... There have never been greater technological opportunities to promote convergence than there are today.
Lawrence Summers
It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
Lawrence Summers
Harvard's endowment is critical to the university's academic and financial aid programs and to its capacity for growth, ... the endowment will continue to be overseen and invested with the highest level of professionalism and expertise.
Lawrence Summers
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.
Lawrence Summers
There are issues of intrinsic aptitude ... I would like nothing better than to be proved wrong.
Lawrence Summers
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