Lawrence Summers on challenges facing the global economy

Transformation is the key challenge: Summers
Taipei Times
May 31, 2012
Quoted: Lawrence Summers, Charles W. Eliot University Professor and member of the Belfer Center Board of Directors
Topic: Challenges facing the global economy

“Former US secretary of the Treasury Lawrence Summers yesterday said the great challenges for the US, China and Taiwan are to shape a world transformed by technology and progress in a way that assures prosperity for people everywhere. …

‘The European crisis stems from having one money and many countries. A country cannot pay its debt without growth. For the eurozone, its growth strategy is essential, but it is not in place yet,’ he said.”

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