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Search Results
Results 51–82 of 82 found.
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Asia’s Multilateralism
by
Joseph Stiglitz
of
Project Syndicate
,
4/13/15
In March, the United Kingdom, Germany, France, and Italy joined more than 30 other countries as founding members of the new Asian Infrastructure Investment Bank, which will do what existing institutional arrangements cannot: help Asia meet its massive infrastructure needs. So why has the US sought to undermine the effort?
A Fair Hearing for Sovereign Debt
by
Joseph Stiglitz, et al.
of
Project Syndicate
,
3/5/15
Last July, when US federal judge Thomas Griesa ruled that Argentina had to repay in full the "vulture" funds that had bought its sovereign debt at rock-bottom prices, the decision reverberated far and wide, affecting bonds issued in a variety of jurisdictions. Do US court rulings really apply to contracts executed in other countries?
The Politics of Economic Stupidity
by
Joseph Stiglitz
of
Project Syndicate
,
1/20/15
In 2014, the world economy remained stuck in the same rut that it has been in since emerging from the 2008 global financial crisis. But we know how to escape our current malaise, which suggests that the big problem facing the world in 2015 is political, not economic.
Europe?s Lapse of Reason
by
Joseph Stiglitz
of
Project Syndicate
,
1/8/15
If Europe does not change its ways ? if it does not reform the eurozone and repeal austerity ? a popular backlash will become inevitable. Though Greece may stay the course following its early election later this month, democracy will not permit the economic madness to continue.
Inequality and the American Child
by
Joseph Stiglitz
of
Project Syndicate
,
12/11/14
Though an average American childhood may not be the worst in the world, the disparity between the country's wealth and the condition of its children is unparalleled. And, without compensatory measures, unequal opportunities translate into unequal lifelong outcomes by the time children reach the age of five.
Ebola and Inequality
by
Joseph Stiglitz
of
Project Syndicate
,
11/10/14
The Ebola crisis reminds us, once again, of the downside of globalization. And, though governments may not do a perfect job in addressing such crises, one of the reasons that they have not done as well as we would hope is that we have underfunded the relevant agencies at the national and global level.
The Age of Vulnerability
by
Joseph Stiglitz
of
Project Syndicate
,
10/13/14
While many countries succeeded in moving people out of poverty, the welfare of a growing number is precarious. An economic system that fails to deliver gains for most of its citizens, and in which a rising share of the population faces increasing insecurity, is, in a fundamental sense, a failed economic system.
Debeaking the Vultures
by
Joseph Stiglitz, et al.
of
Project Syndicate
,
10/1/14
In the midst of the ongoing dispute between Argentina and the vulture funds that hold its bonds, a broad consensus has emerged concerning the need for sovereign-debt restructuring mechanisms. Otherwise, US court rulings in the vultures' favor will give free rein to those who would sabotage future restructurings.
Europes Austerity Zombies
by
Joseph Stiglitz
of
Project Syndicate
,
9/26/14
If the facts dont fit the theory, change the theory, goes the old adage. But too often it is easier to keep the theory and change the facts or so German Chancellor Angela Merkel and other pro-austerity European leaders appear to believe.
Democracy in the Twenty-First Century
by
Joseph Stiglitz
of
Project Syndicate
,
9/1/14
The economist Thomas Pikettys forecast of still higher levels of inequality does not reflect the inexorable laws of economics. Indeed, the main question today is not really about capital in the twenty-first century; it is about democracy in the twenty-first century.
Argentina’s Griesafault
by
Joseph Stiglitz, et al.
of
Project Syndicate
,
8/7/14
Argentina's recent default was the work of one man: US federal judge Thomas Griesa, who prohibited the country from repaying its creditors until it repaid in full the 7% who refused a restructuring deal. Ultimately, however, it may be America that pays the steepest price.
American Delusions Down Under
by
Joseph Stiglitz
of
Project Syndicate
,
7/9/14
For better or worse, economic-policy debates in the United States are often echoed elsewhere, regardless of whether they are relevant. Australian Prime Minister Tony Abbotts recently elected government provides a case in point.
A Light Unto Cities
by
Joseph Stiglitz
of
Project Syndicate
,
5/8/14
Once notorious for its drug gangs, Medellín, Colombia, now has a well-deserved reputation as one of the most innovative cities in the world. The tale of the city’s transformation holds important lessons for urban areas everywhere.
Reforming China?s State-Market Balance
by
Joseph Stiglitz
of
Project Syndicate
,
4/2/14
Many of China?s problems today stem from too much market and too little government. Or, to put it another way, while the government is clearly doing some things that it should not, it is also not doing some things that it should.
The Innovation Enigma
by
Joseph Stiglitz
of
Project Syndicate
,
3/9/14
Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley, with many attempting to replicate the ingenuity that they regard as Americas true comparative advantage. But there is a puzzle: it is difficult to detect the benefits of this innovation in GDP statistics.
Stagnation by Design
by
Joseph Stiglitz
of
Project Syndicate
,
2/6/14
The difficulties that many rich countries now face are not the result of the inexorable laws of economics, to which people simply must adjust, as they would to a natural disaster. On the contrary, the decline in most households income over the past three decades, particularly in the US, is the result of flawed policies.
The Great Malaise Drags On
by
Joseph Stiglitz
of
Project Syndicate
,
1/6/14
Maybe the global economy will perform a little better in 2014 than it did in 2013, or maybe not. Seen in the broader context of the continuing Great Malaise, both years will come to be regarded as a time of wasted opportunities.
An Agenda to Save the Euro
by
Joseph Stiglitz
of
Project Syndicate
,
12/4/13
It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. It is not, and it wont be unless and until the eurozones structure is fundamentally reformed.
Five Years in Limbo
by
Joseph Stiglitz
of
Project Syndicate
,
10/9/13
The US financial system may be more stable than it was five years ago, but that is a low bar it was teetering on the edge of a precipice. Those in government and the financial sector who congratulate themselves on banks return to profitability and mild regulatory improvements should focus on what still needs to be done.
The Vultures' Victory
by
Joseph Stiglitz
of
Project Syndicate
,
9/4/13
The recent decision against Argentina by a United States appeals court threatens to upend global sovereign-debt markets. Indeed, a basic principle of modern capitalism that when debtors cannot pay back creditors, a fresh start is needed has been overturned.
The Changing of the Monetary Guard
by
Joseph Stiglitz
of
Project Syndicate
,
8/6/13
With leadership transitions at many central banks under way, many of those who were partly responsible for creating the global crisis that erupted in 2008 are departing to mixed reviews. The main question now is the extent to which those reviews influence their successors behavior.
Lives versus Profits
by
Joseph Stiglitz
of
Project Syndicate
,
5/6/13
The US Supreme Court recently began deliberations in a case that will determine whether human genes may be patented. But we already know that permitting gene patents results in inefficiencies including monopoly profits and a failure to maximize the use of knowledge that impede the pace of innovation.
The Promise of Abenomics
by
Joseph Stiglitz
of
Project Syndicate
,
4/5/13
Japanese Prime Minister Shinzo Abe is doing what many economists have been calling for in the US and Europe: a comprehensive program entailing monetary, fiscal, and structural policies. As many Japanese rightly sense, Abenomics, with its focus on monetary, fiscal, and structural policies, can only help the countrys recovery.
What is Italy Saying?
by
Joseph Stiglitz
of
Project Syndicate
,
3/4/13
The outcome of the Italian elections should send a clear message to Europe's leaders: the austerity policies that they have pursued are being rejected by voters. Indeed, it will take a decade or more to recover the losses that austerity has wrought.
Complacency in a Leaderless World
by
Joseph Stiglitz
of
Project Syndicate
,
2/7/13
In the last 25 years, we have moved from a world dominated by two superpowers to one dominated by one, and now to a leaderless, multi-polar world. While we may talk about the G-7, or G-8, or G-20, the more apt description is G-0. We will have to learn how to live, and thrive, in this new world.
The Post-Crisis Crises
by
Joseph Stiglitz
of
Project Syndicate
,
1/7/13
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.
A Year on the Brink
by
Joseph Stiglitz
of
Project Syndicate
,
1/3/13
The two main surprises in 2012 were the slowdown in emerging markets, which was slightly sharper and more widespread than anticipated, and Europe's embrace of some truly remarkable reforms though still far short of what is needed. Looking to 2013, the biggest global economic risks are there and in the US.
Monetary Mystification
by
Joseph Stiglitz
of
Project Syndicate
,
10/4/12
Central banks on both sides of the Atlantic took extraordinary monetary-policy measures in September, sending stock markets soaring. But politicians and markets in both Europe and America are mistaken if they believe that monetary policy can restore economic growth and boost employment.
Mitt Romneys Fair Share
by
Joseph Stiglitz
of
Project Syndicate
,
9/4/12
Mitt Romney may not be a tax evader, but he certainly is a tax avoider on a grand scale. But the problem is not just Romney; writ large, his level of tax avoidance makes it difficult to finance the public goods without which a modern economy cannot flourish and weakens the bonds of trust that hold a society together.
From Resource Curse to Blessing
by
Joseph Stiglitz
of
Project Syndicate
,
8/6/12
New discoveries of natural resources in several African countries including Ghana, Uganda, Tanzania, and Mozambique raise an important question: Will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries?
The Euro's Latest Reprieve
by
Joseph Stiglitz
of
Project Syndicate
,
7/3/12
Like an inmate on death row, the euro has received another last-minute stay of execution. The markets are celebrating, as they have after each of the many euro crisis summits until they come to understand that the fundamental problems have yet to be addressed.
The Price of Inequality
by
Joseph Stiglitz
of
Project Syndicate
,
6/5/12
America likes to think of itself as a land of opportunity, and others view it in much the same light. But, while we can all think of examples of Americans who rose to the top on their own, what really matters are the statistics: to what extent do an individuals life chances depend on the income and education of his or her parents? Nowadays, these numbers show that the American dream is a myth. There is less equality of opportunity in the United States today than there is in Europe or, indeed, in any advanced industrial country for which there are data.
Results 51–82 of 82 found.
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