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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.

Joseph Stiglitz

Related Topics

Bank Education Focus Infrastructure International Investment Poverty Private Project

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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Workers’ rights should be a central focus of development.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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American inequality didn’t just happen. It was created.
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We won’t have an economic recovery until Covid-19 is under control.
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Poverty is what we call the extremes at the bottom.
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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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Ask not what your country can do for you, ask what you can do for your country.
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Inequality is a choice. It is not inevitable.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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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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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Development is about transforming the lives of people, not just transforming economies.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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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.
JOSEPH STIGLITZ

Bank Education Focus Infrastructure International Investment Poverty Private Project
The facts shouldn’t get in the way of a pleasant fantasy.
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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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Amherst is a liberal arts college, committed to providing students with a broad education.
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Multinational corporations must pay their fair share of taxes.
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Climate change is a reality.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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Letting bygones be bygones is a basic principle in economics.
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Society can’t function without shared prosperity.
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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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When markets fail, as they often do, collective action becomes imperative.
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