Nobel Laureate in Economics Joseph Stiglitz : The New Generation Gap
NEW YORK – Something interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are markedly different from their elders. A great divide appears to have opened More...
Nobel Laureate in Economics Joseph Stiglitz, Hamid Rashid: Closing Developing Countries’ Capital Drain
Developing countries are bracing for a major slowdown this year. According to the UN report World Economic Situation and Prospects 2016, their growth will average only 3.8% this year – the lowest rate since More...
Nobel Laureate in Economics Joseph Stiglitz, Hamid Rashid: What’s Holding Back the World Economy?
Seven years after the global financial crisis erupted in 2008, the world economy continued to stumble in 2015. According to the United Nations’ report World Economic Situation and Prospects 2016, the average More...
Nobel Laureate in Economics Joseph Stiglitz: China’s Bumpy New Normal
SHANGHAI – China’s shift from export-driven growth to a model based on domestic services and household consumption has been much bumpier than some anticipated, with stock-market gyrations and exchange-rate More...
Nobel Laureate in Economics Joseph Stiglitz: The New Geo-Economics
Last year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for worse – occurred in the global economic system. Most More...
Nobel Laureate in Economics Joseph Stiglitz: When Inequality Kills
This week, Angus Deaton will receive the Nobel Memorial Prize in Economics “for his analysis of consumption, poverty, and welfare.” Deservedly so. Indeed, soon after the award was announced in October, More...
Nobel Laureate in Economics Joseph Stiglitz, Martin Guzman: A Step Forward for Sovereign Debt
Every advanced country has a bankruptcy law, but there is no equivalent framework for sovereign borrowers. That legal vacuum matters, because, as we now see in Greece and Puerto Rico, it can suck the More...
Nobel Laureate in Economics Joseph Stiglitz, Adam Hersh: The Trans-Pacific Free-Trade Charade
NEW YORK – As negotiators and ministers from the United States and 11 other Pacific Rim countries meet in Atlanta in an effort to finalize the details of the sweeping new Trans-Pacific Partnership (TPP), More...
Nobel Laureate in Economics Joseph Stiglitz: Fed Up with the Fed
At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the US Federal Reserve’s economic symposium. This year, the participants were greeted More...
Nobel Laureate in Economics Joseph Stiglitz: America in the Way
NEW YORK – The Third International Conference on Financing for Development recently convened in Ethiopia’s capital, Addis Ababa. The conference came at a time when developing countries and emerging markets More...