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Face in the News: Joseph Stiglitz

21 June 2004

Nobel Laureate Joseph E. Stiglitz

In 1993, when Joseph Stiglitz was named a member of the Council of Economic Advisers, the body that provides the US President with objective economic analysis and advice, one pundit named the group "the dream team of economics," and another writer later dubbed him the Council's "ideas man."

Wherever Joseph Stiglitz has gone, he has made important contributions, beginning with his work in academia, which included professorships at Oxford, Princeton and Stanford. His efforts in economic research earned him the John Bates Clark Medal of the American Economic Association in 1979, an award given to the most distinguished economist under 40.

After serving the Clinton administration through 1996, Joseph Stiglitz  joined the World Bank as its senior vice president and chief economist. At the World Bank, he focused his efforts on promoting economic growth among nations, especially those that have been mired in poverty or are trying to establish market economies after years of state-run systems. "We can make a difference," he told officials from around the world at a World Bank conference. "The challenge is to understand what are the appropriate policies and how to target our assistance to promote growth and poverty alleviation most effectively."

After leaving the World Bank in 2000, he was awarded the Nobel Prize for economics and is currently the Professor of Economics and Finance at Columbia University.

In a new report commissioned by the Commonwealth Secretariat, Nobel Laureate Joseph E. Stiglitz has launched a broad critique of the post-Doha Development Round of trade talks, which he argues does not truly represent the interests of developing countries. The report was launched at the Commonwealth Secretariat on Monday, 21 June.

See Also:

• Joseph E Stiglitz calls for a true Development Round of trade negotiations in new Commonwealth report
• A True Development Round Should Promote Fair Trade for Developing Countries
• Audio Listen to the launch of (The Development Round of Trade Negotiations in the Aftermath of Cancun) report at the Commonwealth Secretariat on the 21 June 2004
  (Windows Media)
• Video Watch extracts of the talk given at Marlborough House, London, 21 June 2004
  56K Standard Quality / ADSL Best Quality

• The Development Round of Trade Negotiations in the Aftermath of Cancun - PDF