Date: 2025-07-02 Page is: DBtxt003.php txt00022926
GEOPOLITICS
ABOUT CHINA'S SUCCESS
Joseph E. Stiglitz | BI Norwegian Business School
How Did China Succeed? ... from 2018
ABOUT CHINA'S SUCCESS
Joseph E. Stiglitz | BI Norwegian Business School
How Did China Succeed? ... from 2018
Original article: https://www.youtube.com/watch?v=Iaw4n9IZDdc
Peter Burgess COMMENTARY
This lecture by Joseph Stiglitz is far more substantive and interesting than I was expecting. I did quite a lot of work as a consultant for the World Bank in the years that Stiglitz was the Chief Economist.
I took a dislike to Stiglitz back in the 1980s when he was very fast at critizing the IMF, but seemed to be ignoring similar issues that I was seeing as an outsider at his own institution. But fast forward, I tend to agree with much of what he is saying here.
I would also argue that all the American economic academics have failed to address the need to manage economic activity in a better way. It is good to have an open political process, but there needs to be a way to get people with decent understanding to be in the political process.
Peter Burgess
Sep 14, 2018 (Accessed August 2022)
BI Norwegian Business School
11.6K subscribers ... 497,213 views
Economics professor Joseph E. Stiglitz, who received Nobel's Memorial Prize in Economics in 2001, held a lecture at BI Norwegian Business School, where he was appointed honorary doctorate.
Directly after the ceremony, professor Stiglitz gave a lecture on 'Reform: How Did China Succeed?' He went through China's enormous growth over the past 40 years while drawing parallels to what he thought the United States had done wrong. He thinks it will be difficult to handle a new financial crisis.
