Joseph Stiglitz Quotes About Growth

Quotes about: Growth

• Governments can enhance growth by increasing inclusiveness. A country's most valuable resource is its people. So it is essential to ensure that everyone can live up to their potential, which requires educational opportunities for all.

  Joseph Stiglitz

  Country, Educational, Opportunity

  "The Great Divide: Unequal Societies and What We Can Do about Them". Book by Joseph Stiglitz, 2015.

• China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.

  Joseph Stiglitz

  Country, Growth, Helping

  Source: www.huffingtonpost.com

• In the U.S., you couldn't have job creation with interest rates of 30 or 40 percent. They had a philosophy that said job creation was automatic. I wish it were true. Just a short while after hearing, from the same preachers, sermons about how globalization and opening up capital markets would bring them unprecedented growth, workers were asked to listen to sermons about "bearing pain." Wages began falling 20 to 30 percent, and unemployment went up by a factor of two, three, four, or ten.

  Joseph Stiglitz

  Pain, Philosophy, Fall

• The analysis in the era of Ronald Reagan and Margaret Thatcher was that government was interfering with the efficiency of the economy through protectionism, government subsidies, and government ownership. Once the government "got out of the way," private markets would allocate resources efficiently and generate robust growth. Development would simply come.

  Joseph Stiglitz

  Growth, Economy, Efficiency

• For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That's not in the cards.

  Joseph Stiglitz

  Strong, Growth, Cards

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

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