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Joseph Stiglitz


The Economics of Information
17 minutes, 7.9mb, recorded 2008-02-05
Image caption: Joseph Stiglitz
Joseph Stiglitz

Asia Society
New York, NY
Feb 5th, 2008
[A video version of this presentation with transcripts is available at Fora.tv]

Asia Society President Vishakha N. Desai interviews Nobel Prize winning economist and globalization "rockstar" Joseph Stiglitz.  The conversation focuses on his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work".  In this fascinating in-depth interview, Stiglitz discusses intellectual property rights, the shifting global balance of power, challenges facing Africa and much more. 

After President Desai introduces Stiglitz, the two sit down to begin an informal, in-depth conversation that begins with Mr. Stiglitz giving his thoughts on the word globalization and how it has evolved.  He also speaks about changes in the 20 years of globalization as a force.  The conversation shifts slightly to the topic of intellectual property rights.  Interesting observations and examples are given.  The next chief economist of the World Bank will come into power soon and the challenges he faces are also discussed.  

Stiglitz discusses growing up in economically depressed Gary, Indiana and how that motivated him to choose the field of globalization and economics.  Stiglitz goes on to discuss America's international role in the coming year, issues with the G8 summit, managing globalization, and the US recession's impact on the rest of the globe.  The interview closes with several questions from the audience.  The questions range from the truth about foriegn aid and other economic issues, to exchange rate issues and what the future might hold for globalization.


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Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.

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