In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs. Joseph Stiglitz More Quotes by Joseph Stiglitz More Quotes From Joseph Stiglitz I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and technology policy. But a lot of the people were lawyers. They like winning an argument, but science-based, evidence-based reasoning was just sort of not in their framework. Joseph Stiglitz technology white science people There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications; there is investment in education; there is investment in families, particularly putting measures in place that free women from having to make the choice between raising a family and work. Joseph Stiglitz women family education work We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all. Joseph Stiglitz together work way world 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. Joseph Stiglitz you equality education opportunity After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better. Joseph Stiglitz city new better new-york The U.S. basically wrote the rules and created the institutions of globalisation. Joseph Stiglitz rules globalisation institutions It isn't inevitable that we have a globalization which is used by the corporations not to pay taxes. It is not inevitable that we have a form of globalization in which corporations use the threat of moving jobs abroad to lower wages. None of this is inevitable. Joseph Stiglitz globalization inevitable pay moving While it was an experiment to bring them together, nothing has divided Europe as much as the euro. Joseph Stiglitz bring nothing together europe The diminishing economic role of the United States in the global economy means that global political power will also become more dispersed. The world will become multipolar. By clumsily re-asserting a wish for U.S. dominance, Donald Trump is accelerating the opposite. Joseph Stiglitz political power wish world China, with its large emerging middle class, is among the big beneficiaries of globalization. Joseph Stiglitz big globalization china class I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. Joseph Stiglitz good like me information A single currency entails a fixed interest rate, which means countries can't manage their own currency to suit their own needs. You need a variety of institutions to help nations for which the policies aren't well suited. Europe introduced the euro without providing those structures. Joseph Stiglitz help own you single Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they get more. But then you look at the people who are at the top, and you realize they're not the people who have transformed our economy, our society. Joseph Stiglitz look you society people The IP standards advanced countries favour typically are designed not to maximise innovation and scientific progress, but to maximise the profits of big pharmaceutical companies and others able to sway trade negotiations. Joseph Stiglitz others big progress innovation Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too. Joseph Stiglitz game friends reality world
