Essays on Joseph Stiglitz

INTRODUCTION

China’s trade balance in 1978 was a deficit of US$1.1 billion. However, the country’s government entered a period of economic reforms in that same year and the country enjoyed an economic turnaround. In the first half of 2009, China gained a balance of trade surplus of $400 billion and the country’s foreign reserve increased significantly from $2 billion in 1978 to $2.4 trillion in 2009. Many economists identify that China’s economic boom is attributed to trade with the United States of America. And China’s accession to the World Trade Organization has played a significant role in ...

Bernard, or “Bernie” Madoff is now an infamous figure in the American media, but before he became one of the most famous villains of all time, he was a well-known and well-respected investment advisor and stockbroker. He worked in the financial sector for many years, even working as the non-executive Chairman of the NASDAQ stock exchange for a time (“The Madoff Scam: Meet The Liquidator,” 2010). Madoff formed his own company in 1960, a firm he called Bernard L Madoff Investment Securities. It is rare for individuals who are so powerful in the American financial sector to become embroiled in such ...

Joseph Stiglitz born in 1943 is a well renowned American economist and currently works at the Columbia University as a professor. He has published numerous books on world economies and affairs and personal articles on several issues such as management of globalization, World Bank, International Monetary Fund and free market economists. It is no doubt that Stiglitz is one the most referenced economists currently in the globe today. In this piece of work, I will highlight Joseph Stiglitz’s article titled, The Economic Outrage of 2010: Cowardly leaders failed to help working people and coddled the rich

It is essential to ...