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Joseph E. Stiglitz

Joseph E. Stiglitz

Joseph E. Stiglitz, a Nobel laureate in economics, is a former chief economist of the World Bank, a former chair of the US President’s Council of Economic Advisers, university professor at Columbia University, and the author, most recently, of The Road to Freedom: Economics and the Good Society.
Joseph E. Stiglitz, a Nobel laureate in economics, is a former chief economist of the World Bank, a former chair of the US President’s Council of Economic Advisers, university professor at Columbia University, and the author, most recently, of The Road to Freedom: Economics and the Good Society.

Opinion | How Trump is hastening the end of American hegemony

Although the US economy is growing and inflation remains low, the uncertainty sowed by the president’s policies will have sobering long-term consequences.

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Next year, Covid-19 will be tamed but containing inflation will be a tougher challenge. The global economy will undergo major structural changes, and pandemic-induced labour disruptions may finally tilt the balance of power to workers.

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In 2018, we saw the fruits of Trumpism: victimisation of immigrants, a US$1 trillion deficit, and prejudice and nationalism unleashed. What will 2019 hold for us?

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US presidential election 2012Donald TrumpUnited StatesCoronavirus pandemic