Larry Summers: ‘Smart Businesses Are Going to Maintain Flexibility’

In this HBR IdeaCast episode, Adi Ignatius interviews Larry Summers, former Treasury Secretary and President of Harvard University, about navigating business leadership in uncertain times. They discuss the impact of tariffs on the American economy, the risk of a recession in 2025, and the potential for a meaningful economic relationship between the US and China. Summers also addresses the need for an appealing economic middle ground, the importance of focusing on education for non-academic paths, and the transformative potential of AI, advising business leaders to focus on their companies' distinctive strengths amidst these changes.