129 Quotes by Lawrence Summers

Where countries have been able to carry through on their reform commitments -- as in Korea, Thailand and the Philippines -- results are starting to come in the form of lower interest rates, new investment and increased growth.

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.

THERE ARE IDIOTS. Look around.

The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.

We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation's right to chart its own course.

Blaming speculators as a response to financial crisis goes back at least to the Greeks. It’s almost always the wrong response.

Contagion has become very much a phenomenon, and it’s a phenomenon of globalization.

In this age of electronic money, investors are no longer seduced by a financial ‘dance of a thousand veils.’ Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.

It says something about this new global economy that USA Today now reports every morning on the day’s events in Asian markets.