JOSEPH STIGLITZ

Will Paul Romer's Bold Ideas Save The Global Economy?

Many commentators are hopeful that Paul Romer will help usher in a new era for the global economy. Known for his work on the endogenous growth theory, he has demonstrated a deep interest in tackling poverty and inequality by giving more importance to investments in human capital, innovation, and knowledge. But, what thrills me most of all is his brilliant idea of “Charter Cities”.
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Doha Development Round - An Obituary

It was my assessment that proposing a development round was to win friends and influence governments in poor countries. This was nothing short of deception at the highest level. After all, a genuine development round meant that trade would lie at the heart of the development agenda with the developed world unilaterally opening-up to products from poorer countries.