Showing 11 - 17 of 17
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.
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.
Unravelling the innovation enigma
News, Joseph Stiglitz, Published on 14/03/2014
» Around the world, there is enormous enthusiasm for the type of technological innovation symbolised by Silicon Valley. In this view, America’s ingenuity represents its true comparative advantage, which others strive to imitate. But there is a puzzle: It is difficult to detect the benefits of this innovation in GDP statistics.
Secular stagnation setting in
News, Joseph Stiglitz, Published on 18/02/2014
» Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise — slow growth and near-stagnant incomes for years to come — could set in. While leaders on both sides of the Atlantic claimed that they had learned the lessons of Japan, they promptly proceeded to repeat some of the same mistakes. Now, even a key former United States official, the economist Larry Summers, is warning of secular stagnation.
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.
ECB's stance on Greece is 'peculiar'
News, Joseph Stiglitz, Published on 08/02/2012
» Nothing illustrates better the political crosscurrents, special interests and shortsighted economics now at play in Europe than the debate over the restructuring of Greece's sovereign debt.