August 22, 2009
The dollarâs role as a good store of value is âquestionableâ and the currency has a high degree of risk, said Nobel Prize-winning economist Joseph Stiglitz. âThere is a need for a global reserve system,â Stiglitz, a Columbia University economics professor, said at a conference in Bangkok Friday. Support from countries like China should ensure [...]
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March 25, 2009
Nobel laureate Joseph Stiglitz said the economies of China and India offer a âray of optimismâ as the global slump deepens. âChina and India are going to continue to grow, although somewhat slower than they have been growing,â Stiglitz, 66, said at a conference in Hong Kong Tuesday.China is relying on stimulus spending to meet [...]
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