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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

Joseph Stiglitz

Related Topics

Country Development Infrastructure Serious Trade

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GDP tells you nothing about sustainability.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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It’s expensive to keep 2.3 million people in prison.
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The U.S. won’t be free of Covid-19 until the world is.
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When markets fail, as they often do, collective action becomes imperative.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Climate change is a reality.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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It is trust, more than money, that makes the world go round.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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American inequality didn’t just happen. It was created.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Inequality is a choice. It is not inevitable.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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When you don’t have equality of opportunity because you don’t have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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It’s easy to get rich by getting a state asset at a deep discount.
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Workers’ rights should be a central focus of development.
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We won’t have an economic recovery until Covid-19 is under control.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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