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 it.
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