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
Bio
Vishakha N. Desai
Vishakha N. Desai is the sixth president of the Asia Society, assuming the position in July 2004. As chief executive officer, she is responsible for managing an international organization with offices throughout the U.S. and Asia.
She sets the direction for the Society's programs in the diverse fields of arts, culture, policy, business and education, overseeing a budget of $22 million.
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.
Transfer of capital, goods, or services from one country to another. Foreign aid may be given in the form of capital transfers or technical assistance and training for either civilian or military purposes. Its use in the modern era began in the 18th century, when Prussia subsidized some of its allies. After World War II, foreign aid developed into a more sophisticated instrument of foreign policy. International organizations, such as the United Nations Relief and Rehabilitation Administration, were created to provide aid to war-ravaged countries and newly freed colonies. Foreign aid is often given with conditions attached, such as the requirement that all or part of it be used to buy goods from the donor country. See alsoInternational Monetary Fund; Marshall Plan; World Bank.
Just wait until they have their first real recession, like the one coming soon from the credit bust. The Chinese people will revolt. They've just been growing almost uninterrupted for 30+ years. Wait for the interruption when the discomfort and misery of the common people rises.
Joseph’s constitution is truly extraordinary. There is no way I would ever be able to put up with that constant bobbing for an hour and a half! In order for me to watch it I had to cover her up with a blank text page from another program. If any one reading these comments are friends of the interviewer PLEASE let her know how distracting her behavior is. An hour and a half of important discussion and all we can talk about is her constant distractions. By the way, what were they talking about? Guess it wasn’t that important......did I mention that she was a distraction?