Lawrence Summers Quotes

What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.

Economic diseases are highly communicable. It follows, therefore, that the economic health of every country is a proper matter of concern to all its neighbors, near and distant. Only through a dynamic and a soundly expanding world economy can the living standards of individual nations be advanced to levels which will permit a full realization of our hopes for the future.

We are only 5 percent of the world's population and 20 percent of the world's economy. We have to be able to trade in order to grow.

When our economy grows, it is good for the world. When the world economy grows, it is good for the United States.

I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.

For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.

Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian.

The dollar is currently the principal reserve currency in the world.

Every central banker in the world pays attention to credit growth, but not in the U.S.

In the long run, no nation can prosper unless the world prospers.

Turkey is widely envied while there are very serious troubles in the world economy.

I want Britain to be a global financial centre but I want it to be properly regulated.

Globalization has produced a new of level of interdependence among us. The economy and multinational supply chains do not abide by political boundaries. A computer ordered in Brazil is designed in California and assembled in several other countries. Economic integration was the first strong evidence of a new era.

Emerging markets are hugely important.

Any new financial order for the world must tackle the three chief challenges of our age.

If the United States does well [economically], then the whole world does well.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

Investment in America does not just benefit the United States - it benefits the world.

As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge amount of dollars out into the world and those dollars have to be recycled in some way.

The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.

As long as global financial conditions normalize in an orderly fashion, EMEs should have sufficient time to adjust.

I think it is absolutely central to our economic plan as a country not only that we put our own house in order but that we better connect ourselves with other parts of the world, particularly the faster growing parts of the world.

The world economy is not yet a community--not even an economic community...Yet the existence of the "global shopping center" is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.