Lawrence Summers Quotes
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. 
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Happening | India | China | Integration | Fifths |
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[Complacency] leads to much capacity creation, too much extension of credit. That's when mistakes happen... Large challenges remain.
- Lawrence Summers
The IMF needs to focus on the fact that it and all of us in government are alongside what are now vast private markets... Our role needs to be (to) support rather than supplant those private markets and to try to create a framework in which the flow of private capital will be stable.
- Lawrence Summers