Larry Summers Memo
A controversy exists whether the World Bank should be encouraging migration of dirty industries to less-developed countries. Larry Summer challenges that the World Bank should persuade such a migration. Others contend that these less-developed countries, despite their economic plight, should not be coerced into harboring dirty industries, a position I support.(A1) In his first argument Summer wants to force a sudden increase in pollution, which would cause an improvement in the economy, of lower wage countries. Summer justifies his beliefs by giving an example of circumstantial as hominem. He states, “Health impairing pollution should by done in the country with lowest cost, which will be the country with the lowest wages.” An assumption is made by Summer, where he concludes that lowest cost countries will have the lower wages. He concludes by saying, these low wage countries should contain high pollution. The premise of Summer’s argument is assumed true, so his argument is invalid, but strong. (C1) Many agree with Summer on his stance of high-pollution industries in lesser-developed countries. They claim that it is economic logic to fill the countries with low wages with pr
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Some common words found in the essay are:
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Approximate Word count = 904
Approximate Pages = 4 (250 words per page double spaced)
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