ABOUT LAWRENCE SUMMERS "AMERICA ECONOMIST, FORMER VICE PRESIDENT OF DEVELOPMENT ECONOMICS & CHIEF ECONOMIST OF THE WORLD🌎 BANK, HUMANITARIAN, MULTIMILLIONAIRE & ENTREPRENEUR". #BIOGRAPHY
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AMERICA Wikipedia.org/wiki/United_States
ECONOMIST, FORMER VICE PRESIDENT OF DEVELOPMENT ECONOMICS & CHIEF ECONOMIST OF THE WORLD BANK, DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL, 27TH PRESIDENT OF HARVARD UNIVERSITY, 71TH UNITED STATES SECRETARY OF THE TREASURY, UNDER SECRETARY OF TREASURY FOR INTERNATIONAL AFFAIRS, MEMBER OF THE DEMOCRATS PARTY Democrats.org, MEDIA & INTERNET PERSONALITY, SOCIAL GOOD
ACTIVIST, MULTIMILLIONAIRE, HUMANITARIAN & ENTREPRENEUR
ECONOMIST, FORMER VICE PRESIDENT OF DEVELOPMENT ECONOMICS & CHIEF ECONOMIST OF THE WORLD BANK, DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL, 27TH PRESIDENT OF HARVARD UNIVERSITY, 71TH UNITED STATES SECRETARY OF THE TREASURY, UNDER SECRETARY OF TREASURY FOR INTERNATIONAL AFFAIRS, MEMBER OF THE DEMOCRATS PARTY Democrats.org, MEDIA & INTERNET PERSONALITY, SOCIAL GOOD
ACTIVIST, MULTIMILLIONAIRE, HUMANITARIAN & ENTREPRENEUR
Former Treasury Secretary Lawrence H. Summers is one of America’s leading economists. In addition to serving as 71st Secretary of the Treasury in the Clinton Administration, Dr. Summers served as Director of the White House National Economic Council in the Obama Administration, as President of Harvard University, and as the Chief Economist of the World Bank.
Dr. Summers’ tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus. Dr. Summers has played a key role in addressing every major financial crisis for the last two decades.During the 1990s, he was a leader in crafting the U.S. response to international financial crises arising in Mexico, Brazil, Russia, Japan, and Asian emerging markets. As one of President Obama’s chief economic advisors, Dr. Summers’ thinking helped shape the U.S. response to the 2008 financial crisis, to the failure of the automobile industry, and to the pressures on the European monetary system. Upon Summers’ departure from the White House, President Obama said, “I will always be grateful that at a time of great peril for our country, a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team.” The Economist recognized his influence when it defined the “Summers Doctrine,” an approach to economic policy during financial crises that fuses a microeconomic “laissez faire” mentality with macroeconomic activism. “Markets should allocate capital, labour and ideas without interference, but sometimes markets go haywire, and must be counteracted forcefully by government.”.....LS
Dr. Summers’ tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus. Dr. Summers has played a key role in addressing every major financial crisis for the last two decades.During the 1990s, he was a leader in crafting the U.S. response to international financial crises arising in Mexico, Brazil, Russia, Japan, and Asian emerging markets. As one of President Obama’s chief economic advisors, Dr. Summers’ thinking helped shape the U.S. response to the 2008 financial crisis, to the failure of the automobile industry, and to the pressures on the European monetary system. Upon Summers’ departure from the White House, President Obama said, “I will always be grateful that at a time of great peril for our country, a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team.” The Economist recognized his influence when it defined the “Summers Doctrine,” an approach to economic policy during financial crises that fuses a microeconomic “laissez faire” mentality with macroeconomic activism. “Markets should allocate capital, labour and ideas without interference, but sometimes markets go haywire, and must be counteracted forcefully by government.”.....LS
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