Showing 1-10 of 17 results
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More shock therapy for neoliberalism
Oped, Joseph Stiglitz, Published on 09/04/2022
» The fallout from Russia's invasion of Ukraine has reminded us of the unforeseeable disruptions constantly confronting the global economy. We have been taught this lesson many times. No one could have predicted the Sept 11, 2001, terrorist attacks, and few anticipated the 2008 financial crisis, the Covid-19 pandemic, or Donald Trump's election, which resulted in the United States turning toward protectionism and nationalism.
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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.
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Davos fails to deliver an antidote for toxic problems
News, Joseph Stiglitz, Published on 05/02/2018
» I've been attending the World Economic Forum's annual conference in Davos, Switzerland -- where the so-called global elite convenes to discuss the world's problems -- since 1995. Never have I come away more dispirited than I have this year.
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Why tax cuts for rich solve nothing
News, Joseph Stiglitz, Published on 01/08/2017
» Although America's right-wing plutocrats may disagree about how to rank the country's major problems -- for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure -- the solution is always the same: lower taxes and deregulation, to "incentivise" investors and "free up" the economy. President Donald Trump is counting on this package to make America great again.
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Trumpian uncertainty clouds crystal ball
Business, Joseph Stiglitz, Published on 17/01/2017
» Every January, I try to craft a forecast for the coming year. Economic forecasting is notoriously difficult; but, notwithstanding the truth expressed in former US president Harry Truman's request for a one-armed economist (who wouldn't be able to say "on the other hand"), my record has been credible.
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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?
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A better economic plan for Japan
Business, Joseph Stiglitz, Published on 26/09/2016
» It's been a quarter-century since Japan's asset bubble burst -- and a quarter-century of malaise as one "lost decade" has followed another. Some of the criticism of its economic policies is unwarranted. Growth is not an objective in itself; we should be concerned with standards of living.
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Globalisation failing the world's people
News, Joseph Stiglitz, Published on 08/08/2016
» Fifteen years ago, I wrote a little book, entitled Globalisation and its Discontents, describing growing opposition in the developing world to globalising reforms. It seemed a mystery: people in developing countries had been told that globalisation would increase overall well-being. So why had so many people become so hostile to it?
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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.
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In the new geo-economy, TPP fails
News, Joseph Stiglitz, Published on 11/01/2016
» 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.
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