Joseph Stiglitz - Sharing the Benefits of Globalization

Complete video at: http://fora.tv/2008/02/05/Joseph_Stiglitz_Economics_of_Information

Nobel Prize-winning economist Joseph Stiglitz argues that developed nations have so far largely mishandled the economic benefits of globalization.

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Nobel Prize-winning economist Joseph Stiglitz ("Globalization and Its Discontents") talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" - Asia Society

Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.

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[Whoo69]

Stiglitz is one of the few economists with any real moral compass. Most economists are stupid libertarians who only care about themselves and corporations, it seems.

[jimbob6986]

I disagree, economics is often distorted and used by libertarians to push their agenda. Yes economists generally believe free markets are the best way of connecting supply with demand. But i have never heard of an economist espousing corporatism. In fact most ive heard rail against it. I have spent 4 years studying the subject under 5 different economics professors and only 1 could be described as avowedly laissez faire, and only in the sense that he is vehemently anti-monopoly.

[klarekerry]

managing well 'globalization' does not exist Mr. Stiglitz!Big government is in bed w/ 'globalization'!!WE MUST RETURN TO SMALL GOVERNMENT !!!SOVEREIGNTY MR.STIGLITZ!!INDIVIDUAL AND DE/CENTRALIZED POWER SYSTEMS STOP YOUR CONTRADICTION!!

[LogicalFlawDetector]

@jimbob6986

A libertarian economist would support something like Hong Kong and Singapore, the two most freest markets in the world. Look up their GDP per capita and compare it to their former colonial rulers. The biggest threat to poor people are out of control governments and bad legal systems. Just google economic freedom and GDP per capita. There is a strong correlation between free markets and GDP per capita.

[bonzai348]

We need to educate everyone in the world, knowledge is the ultimate good for everything. You can use knowledge as many times you want

[robmanyou]

It's sad how large business interests can influence our policy so that they may exponentially boost their profits from being able to avoid the ethical employer-employee guidelines we have in the U.S. They do so by arguing that they are helping the poor in other nations when that is merely a byproduct. They are helping themselves to greater profits. They are availing themselves of the benefits of conducting business in the U.S. without following the same guidelines our small bus. must follow.

[Richie7890]

@jimbob6986 Being "avowedly laissez faire" and "vehemently anti-monopoly" is a contradiction.

[bads06]

@Whoo69 Did he kill 13 SS Officers?

[irajkhodadoost]

All prophets from the East or the West and all seers from across the globe talk about taking care of each other; considering each other as members of the same family, but from the age of Reagonmics/Voodoo Economics/Deregulation/Taking it from the needy and giving it to the greedy policies of the 1980's, we see a widening gap between the rich and poor countries and the rich and poor people and the rampant greed has given us the likes of Enron, Worldcom, Leman Brothers, and a corrupt Congress.

[comptonproduction]

we have poor people in the USA just like the underdeveloped countries. people who have no means of support.

[lakid87]

lol @ 2:50 , she's getting bored