Just between you and me, shouldn’t 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... I’ve 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 SummersThe idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Lawrence SummersIf you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.
Lawrence SummersContagion has become very much a phenomenon, and it's a phenomenon of globalization.
Lawrence SummersInvestment in girls' education may well be the highest-return investment available in the developing world.
Lawrence Summers