The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness.
Tags: protection, prosperity, price, time

Other Quotes by "Lawrence Summers"

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
Tags: new, day, today, morning
There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.
Tags: streets, those, who, children
It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century.
Tags: shape, wrong, landscape, more
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
Tags: situation, go, people, depression
It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
Tags: because, open, difficult, always
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