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Quote of the week: Lawrence Summers

Sina Odugbemi's picture

"The core of the revolt against global integration, though, is not ignorance. It is a sense, not wholly unwarranted, that it is a project carried out by elites for elites with little consideration for the interests of ordinary people — who see the globalisation agenda as being set by big companies playing off one country against another."

-Lawrence Summers, an American economist who currently serves as President Emeritus and Charles W. Eliot University Professor of Harvard University.  He worked as Chief Economist at the World Bank from 1991 to 1993 before being appointed as Undersecretary for International Affairs of the United States Department of the Treasury. In 1999, he became Secretary of the Treasury, a position he held until 2001. Summers later joined the Obama administration, serving as Director of the White House United States National Economic Council for President Barack Obama from January 2009 until November 2010. In mid-2013, his name was floated as a potential successor to Ben Bernanke as Chairman of the Federal Reserve, though after receiving pushback, Obama nominated Federal Reserve Vice-Chairwoman Janet Yellen for the position.

Weekly Wire: The Global Forum

Roxanne Bauer's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

So Maybe Money Really Does Buy Happiness?
Inc. Magazine
Emerging Asian nations are finding out what developed ones did years ago: money--and the stuff it buys--brings happiness. Levels of self-reported well-being in fast-growing nations like Indonesia, China and Malaysia now rival those in the U.S., Germany and the United Kingdom, rich nations that have long topped the happiness charts, according to a Pew Research Center global survey released Friday. It says it shows how rises in national income are closely linked to personal satisfaction. The pollsters asked people in 43 countries to place themselves on a "ladder of life," with the top rung representing the best possible life and the bottom the worst. Pew carried out the same survey in 2002 and 2005 in most of those countries, enabling researchers to look at trends over time.

Telling It Straight: How Trustworthy Government Information Promotes Better Media
CIMA
In new and emerging democracies, in countries coming out of conflict, in societies in transition where for decades information was repressed, being open with the public through the press and disseminating reliable information in a systematized and responsive fashion is a new concept. Yet, just as the media are crucial to informing the public, so too are governments in getting out information that reporters and hence citizens can use.

Jobs and the “Great Recession” - Part 2

Adriana Kugler's picture

As the dust settles from the U.S. "Great Recession" and the ensuing global recession, many theories circulate about both the nature of the recessions and the success or failure of government economic policies to reinvigorate economies. A welcome perspective in part 2 of 2 in this debate is Adriana Kugler, a Full Professor at Georgetown University’s McCourt School of Public Policy and the Chief Economist at the U.S. Department of Labor in 2011-2012.

Jobs and the “Great Recession” - Part 1

Adriana Kugler's picture

As the dust settles from the U.S. "Great Recession" and the ensuing global recession, many theories circulate about both the nature of the recessions and the success or failure of government economic policies to reinvigorate economies. A welcome perspective in part 1 of 2 in this debate is Adriana Kugler, a Full Professor at Georgetown University’s McCourt School of Public Policy and the Chief Economist at the U.S. Department of Labor in 2011-2012.

Latin America’s financial sector needs to prepare for new risks

Alain Ize's picture

Finances

In stark contrast with Latin America’s rich history of financial crises and turbulence, this time around the region’s financial systems have weathered the current global volatility and the Great Recession rather well.

Why should then one want to conduct an extensive study on financial issues in Latin America and the Caribbean? We think the study, Financial Development in Latin America & the Caribbean, the Road Ahead, is timely because the region still faces substantial developmental gaps and issues that require attention.