Larry Summers

List of quotes attributed to Larry Summers:

"Not everyone agrees that it is wrong to export dirty jobs to developing countries. Lawrence H. Summers, the World Bank’s chief economist, wrote in a 1991 memorandum that the World Bank should be encouraging more migration of the dirty industries to developing countries. First, Summers reasoned that a given amount of health-impairing pollution should be done in the country with the lowest cost and wages, since the costs of pollution should be measured by the foregone earnings from increased morbidity and mortality. Second, Summers argued that African countries with low population numbers are “under-polluted,” which means that initial increases in pollution would have a lower cost. Third, Summers wrote that only those with high enough incomes would care about a clean environment for aesthetic and health reasons. Summers essentially argues that it is economically efficient for poor countries to accept dirty jobs, such as e-waste recycling."

Meta-Actor: Scientific Community

Source Document: http://scholarlycommons.law.northwestern.edu/cgi/viewcontent.cgi?article=1129&context=njihr

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StEP TBM »StEP TBM
Actors/Protagonists »Actors/Protagonists
World Bank »World Bank
Larry Summers
It is economically efficient to process e-waste in the South »It is economically efficient to process e-waste in the South
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