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Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
Timothy Geithner
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I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.
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The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
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Our goals and what we hope to achieve by moving to food assistance is even in supporting the crisis needs of the most vulnerable people, we provide them with the capacity to be more resilient to the next shock.
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The past is a stronger influence in the South. But I think everywhere you have this sense that the world changes faster than you can accommodate yourself to. Looking back and seeing how you got where you are is a useful way to combat disorientation.
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