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Larry Summers

"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

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"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

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Akshay Vasu

"Trade is a communication of cultures and values."

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Personal Development

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Akshay Vasu

"We should keep on going along the path of globalization. Globalization is good... when trade stops, war comes."

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Personal Development

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Akshay Vasu

"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."

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Akshay Vasu

"The more worrying feature of the new global corporate structures is their capacity to devastate national labour markets by transferring their operations to cheaper locations overseas."

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Akshay Vasu

"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."

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Akshay Vasu

"Russia should support globalization. The Internet can develop in Russia in a very speedy way."

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Akshay Vasu

"Every day more Americans watch their jobs being shipped overseas."

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Personal Development

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Akshay Vasu

"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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Akshay Vasu

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

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Personal Development

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Akshay Vasu

"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

Author Name

Personal Development

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Larry Summers
"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."

People

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Larry Summers
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."

Time

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Larry Summers
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."

Government

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Larry Summers
"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."

Problems

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

Finance

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Larry Summers
"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."

History

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Larry Summers
"It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century."

Wrong

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

Globalization

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Larry Summers
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

Globalization

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Larry Summers
"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."

Time

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