Able Quote by Lawrence Summers
“Where countries have been able to carry through on their reform commitments - as in Korea, Thailand and the Philippines - results are starting to come in the form of lower interest rates, new investment and increased growth.”
About This Quote
Countries that fulfill reform promises see lower rates, more investment, and growth.
In simple terms: Keeping reforms boosts economy.
Key Takeaway
Commit to reforms.
Themes
economics
policy
development
Mood
analytical
optimistic
Type
informative
inspirational
When to use this quote
- government
- emerging markets
Key Concepts
institutional reform
macroeconomic stability
Questions to Reflect On
- What reforms are most urgent in your country?
- How can citizens hold leaders accountable?
A Different Perspective
Reforms may face political resistance.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
