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"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
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"Russia should support globalization. The Internet can develop in Russia in a very speedy way."
"Contagion has become very much a phenomenon, and it's a phenomenon of globalization."
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
"Every day more Americans watch their jobs being shipped overseas."
"In the past, we spoke of poverty, misery only in the south. Now there is a lot of misery, a lot of bad that creates victims in the north as well. This has become manifest: the global system was not made to serve the good of all, but to serve multinational companies."
"Most agree, whatever their party political position, that the West can and should open its agricultural markets more fully to the products of the poorer countries of the globe. They are agricultural societies that need our markets more than our charity."
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
"So the American economy needs the world, and the world needs the American economy."
"Globalisation makes it clear that social responsibility is required not only of governments, but of companies and individuals. All sources must interact in order to reach the MDGs."
"A certain number of Americans are already in Peking and most of us here feel that it would be very useful for the United States and especially for the Left-wing progressive movement in the United States if groups of students such as you mention could make a tour of China."
Explore more quotes by Larry Summers
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
"The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness."
"We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises."
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
"The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
"Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular."
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