Lawrence Summers gave his version of a “the world is flat” speech at the SKAGEN conference in Oslo on January 10, 2008. The speech, which covers a bit of everything — the industrial revolution, the rise of capitalism, the environment, the roles of China, India and other emerging economies in the world’s economy, the 2008 presidential election, the subprime crisis, the housing crisis (and more) — is worth a listen. Summers is not a warm and fuzzy guy, and he’s quite controversial; you might not want to spend a semester or two in his classroom or have him as your dissertation advisor. But, he is a bona fide “very smart guy”: Harvard Ph.D in economics, tenured professor at Harvard by age 28, Chief Economist of the World Bank, Secretary of the Treasury, President of Harvard College, and (some think) on the short list of candidates for future Chairman of the Federal Reserve (Bernanke and Summers are almost identical in age).
Link here – click on Summers’ name.