It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
Lawrence SummersI think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.
Lawrence SummersA good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
Lawrence SummersIt certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
Lawrence SummersI promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.
Lawrence SummersJust between you and me, shouldnโt the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... Iโve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.
Lawrence Summers