Showing 1 - 10 of 16
Beyond secular stagnation
Business, Joseph Stiglitz, Published on 08/09/2018
» The term "secular stagnation" became popular in the United States as World War II was drawing to a close. Economist Alvin Hansen (and many others) worried that, without the stimulation provided by the war, the economy would return to recession or depression. There was, it seemed, a fundamental malady.
How tiny Costa Rica gets it right
News, Joseph Stiglitz, Published on 15/05/2018
» With authoritarianism and proto-fascism on the rise in so many corners of the world, it is heartening to see a country where citizens are still deeply committed to democratic principles. And now its people are in the midst of trying to redefine their politics for the twenty-first century.
The pitfalls of Russia's post-communist transition
News, Joseph Stiglitz, Published on 04/04/2017
» Today, a quarter-century after the Cold War's end, the West and Russia are again at odds. This time, though, at least on one side, the dispute is more transparently about geopolitical power, not ideology. The West has supported in a variety of ways democratic movements in the post-Soviet region, hardly hiding its enthusiasm for the various "colour" revolutions that have replaced long-standing dictators with more responsive leaders -- though not all have turned out to be the committed democrats they pretended to be.
What America's Economy Needs from Trump
Business, Joseph Stiglitz, Published on 21/11/2016
» Donald Trump's astonishing victory in the United States presidential election has made one thing abundantly clear: too many Americans feel left behind. It is not just a feeling; many Americans really have been left behind. It can be seen in the data no less clearly than in their anger. And an economic system that doesn't "deliver" for large parts of the population is a failed economic system. So what should President-elect Trump do about it?
Reform or divorce to cure euro zone malaise
Business, Joseph Stiglitz, Published on 29/08/2016
» To say that the euro zone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the euro zone, and much more poorly than the United States, which was the epicentre of the crisis.
Brexit lesson for Europe: address the concerns of citizens
Business, Joseph Stiglitz, Published on 11/07/2016
» Digesting the full implications of the UK's "Brexit" referendum will take Britain, Europe, and the world a long time. The most profound consequences will, of course, depend on the EU's response to the UK's withdrawal. Most people initially assumed that the EU would not "cut off its nose to spite its face": after all, an amicable divorce seems to be in everyone's interest. But the divorce -- as many do -- could become messy.
Looking to the future after Brexit fallout
News, Joseph Stiglitz, Published on 09/07/2016
» Digesting the full implications of the United Kingdom's "Brexit" referendum will take Britain, Europe and the world a long time. The most profound consequences will, of course, depend on the European Union's (EU) response to the UK's withdrawal.
What's Holding Back the World Economy?
Business, Joseph Stiglitz, Published on 15/02/2016
» Seven years after the global financial crisis in 2008, the world economy continued to stumble in 2015. According to the UN report "World Economic Situation and Prospects 2016", the average growth rate in developed economies has declined by more than 54% since the crisis. Some 44 million people are unemployed in developed nations, about 12 million more than in 2007, while inflation has reached its lowest level since the crisis.
Young Americans 'Fed Up' with country's economy
News, Joseph Stiglitz, Published on 16/09/2015
» 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 by a large group of mostly young people, including many African- and Hispanic-Americans.
Solidarity key to Europe's future
News, Joseph Stiglitz, Published on 09/06/2015
» European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors' demands far more than halfway. Yet Germany and Greece's other creditors continue to demand that the country sign on to a programme that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.