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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.
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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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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.
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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.
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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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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.
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Rise of inequality in the 21st century
News, Joseph Stiglitz, Published on 09/09/2014
» The reception in the United States, and in other advanced economies, of Thomas Piketty's recent book Capital in the Twenty-First Century attests to growing concern about rising inequality. His book lends further weight to the already overwhelming body of evidence concerning the soaring share of income and wealth at the very top.
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Inequality threatens global stability
News, Joseph Stiglitz, Published on 12/02/2013
» In the shadow of the euro crisis and America's fiscal cliff, it is easy to ignore the global economy's long-term problems. But, while we focus on immediate concerns, they continue to fester, and we overlook them at our peril.
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Actions last year ensure more perils in 2012
News, Joseph Stiglitz, Published on 17/01/2012
» Last year 2011 will be remembered as the time when many ever-optimistic Americans began to give up hope. President John F Kennedy once said that a rising tide lifts all boats. But now, in the receding ebb, Americans are beginning to see not only that those with taller masts had been lifted far higher, but also that many of the smaller boats had been dashed to pieces in their wake.
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