How to Fix the Global Economy

The world has many imbalances, including ballooning debt held by the US and China’s growing trade surplus. World leaders recognize the problems – but tend to place blame on policies from other countries. Economist Joseph Stiglitz suggests that the problems are interconnected in many ways, systemic in nature, and therefore require a global effort. He urges every country to examine its own policies – spending, borrowing, taxation and currency behavior – and join the effort to eliminate dangerous imbalances that threaten global economic security. – YaleGlobal

How to Fix the Global Economy

Joseph E. Stiglitz
Wednesday, October 4, 2006

Click here for the original article on The New York Times website.

Joseph E. Stiglitz, a professor of economics at Columbia and the author, most recently, of “Making Globalization Work,” was awarded the Nobel in economic science in 2001.

Copyright 2006 The New York Times Company

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