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Global Insights: In Their Own Words

Ebola and Global Inequality

November 10, 2014

Joseph E. Stiglitz

The Ebola crisis reminds us, once again, of the downside of globalization. Not only good things – like principles of social justice and gender equality – cross borders more easily than ever before; so do malign influences like environmental problems and disease.

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The Age of Vulnerability

October 14, 2014

Joseph E. Stiglitz

Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty report, shows that, despite the economy’s supposed recovery from the Great Recession, ordinary Americans’ incomes continue to stagnate. Median household income, adjusted for inflation, remains below its level a quarter-century ago.

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Joseph Stiglitz Responds to Thomas Piketty

September 4, 2014

Columbia University's resident Nobel laureate weighs in on Thomas Piketty's influential — and controversial — book “Capital in the Twenty-First Century.”

Topics: News Makers, Economic Policy | Read Article

Is Australia on the Wrong Track?

July 21, 2014

Joseph E. Stiglitz

Australian Prime Minister Tony Abbott has defended many of his government’s reforms by invoking the American model of cutbacks on spending. That's deeply ironic, given that America's economic model hasn't been working for most Americans.

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Creating a Learning Society

June 3, 2014

Joseph E. Stiglitz

Virtually every government policy, intentionally or not, has direct and indirect effects on learning. Developing countries where policymakers are cognizant of these effects are more likely to close the knowledge gap that separates them from the more developed countries.

Topics: Economic Policy | Read Article

Turkey's Hot-Money Problem

April 4, 2014

Bilge Erten and José Antonio Ocampo

Ongoing financial volatility in emerging economies is fueling debate about whether the so-called “Fragile Five” — Brazil, India, Indonesia, South Africa, and Turkey — should be viewed as victims of their excessive integration into global financial markets.

Topics: Economic Policy, Europe | Read Article

Reforming China's State-Market Balance

April 2, 2014

Joseph E. Stiglitz

Many of China’s problems today stem from too much market and too little government.

Topics: News Makers, China, Asia | Read Article

Lessons from Portugal

March 9, 2014

Sharon Kahn

Former Finance Minister Vítor Gaspar opens up about his resignation last summer and the hope he still holds for his economically challenged country.

Topics: News Makers, Europe | Read Article

The Innovation Enigma

March 10, 2014

Joseph E. Stiglitz

How profitable is that innovation? That’s the wrong question to ask, says Nobel laureate Joseph E. Stiglitz. A better gauge: its net contribution to our standard of living.

Topics: Management, Entrepreneurship | Read Article

The Folly of Economic Forecasting

February 21, 2014

How much is too much? At a Global Economic Forum, sponsored by the Chazen Institute in February 2014, Ruchir Sharma of Morgan Stanley drew the boundary between sensible predictions and pure guesswork when looking at economic trends.

Topics: Economic Policy, Global Investing | Read Article