Economist Joseph Stiglitz talks about his book Making Globalization Work.
He discusses the pros and cons of globalization, examining such issues as trade, intellectual property, global warming, and economic institutions. He argues that multinational institutions too often cater to the interests of advanced industrial countries. This event was hosted by the World Bank, where Mr. Stiglitz was once chief economist.
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.
Bio
Alan Gelb
As Director of Development Policy, Alan Gelb provides policy advice to the Chief Economist, and guides DEC's provision of research and analytical services to the Bank's operations. Before assuming his current position in July 2004, Alan Gelb was the Bank's Chief Economist for Africa. Before that, he was staff director of the 1996 World Development Report, From Plan to Market, and chief of the transition division in the Bank's policy research department. He is a specialist on transition economies, financial systems, macroeconomic management, commodity prices and the economics and political economy of oil-exporting countries. He has published several books and scholarly articles on these and related subjects, and co-authored "Can Africa Claim the 21st Century?" an authoritative study on African development.
Joseph E. Stiglitz
Joseph E. Stiglitz is a professor at Columbia University and the chair of the university's Committee on Global Thought. In 2001, he was awarded the Nobel Prize in Economics for his analyses of markets with asymmetric information. He was a member of the Council of Economic Advisers under Clinton and later the chief economist for the World Bank. His latest book is Freefall: America, Free Markets, and the Sinking of the World Economy.
(born Feb. 9, 1943, Gary, Ind., U.S.) U.S. economist. He received a Ph.D. (1967) from the Massachusetts Institute of Technology and taught at several universities, including Yale, Harvard, Stanford, and Columbia. From 1997 to 2000 he was the World Bank's chief economist but often disagreed with the organization's policies. Stiglitz helped found modern development economics, and he changed how economists think about the way markets work. His studies on asymmetric information in the marketplace showed that the poorly informed can obtain information from the better informed through a screening process, for example, when insurance companies determine the risk factors of their clients. He shared the 2001 Nobel Prize in Economic Sciences with George A. Akerlof and A. Michael Spence.