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.
Meaning of the quote
This quote suggests that some children in Asia are working in textile factories rather than being forced to do even worse things, like being prostitutes on the streets. The economist is saying that while the textile jobs may not be ideal, they are better than the alternatives these children would face. The quote highlights the difficult choices and situations some children in other parts of the world have to deal with.
About Lawrence Summers
Lawrence Summers is an American economist who has held several high-profile positions, including serving as the U.S. Secretary of the Treasury and president of Harvard University. He has played a significant role in economic policymaking and has been involved in notable events like the 1994 Mexican financial crisis and the deregulation of the U.S. financial system.
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