Challenges for the World Economy: Where Do the Risks Lie?

Challenges for the World Economy: Where Do the Risks Lie?

- Speaker: Rudiger Dornbush, Professor, Massachusetts Institute of Technology

- Date : July 22, 1999

"Korea will pay for the lack of adjustment that has taken place, and for staying with industrial organizations and corporate structures that are really not productive. Working very hard and saving a lot of money to force economic growth is an unimaginative way of solving a problem that could be resolved by working a lot less, consuming a lot more, and having a structure that is far more congenial to prosperity...”