A Quote by Joseph Stiglitz
It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus on stabilization, liberalization, privatization.
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We must focus much more on developing countries' own policies and priorities, and increase policy and operational coherence between national, regional and multilateral actors.
Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.
The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.
Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.
The United States has given frequent and enthusiastic support to the overthrow of democracy in favor of "investor friendly" regimes. The World Bank, IMF, and private banks have consistently lavished huge sums on terror regimes, following their displacement of democratic governments, and a number of quantitative studies have shown a systematic positive relationship between U.S. and IMF / World Bank aid to countries and their violations of human rights.
Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.
Capital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital account transactions and bank lending. The focus is on deregulation, not on finding the right regulatory structure.
Today, many people take for granted the notion that people whose lives are going to be very heavily affected by public policies should have a say in how they are formulated and carried out.
It's time to refocus our global fight against terrorism. We must move away from the Iraq-centric policies that are draining our resources and focus on Al Qaeda and its affiliates who are reportedly operating in some 60 to 80 countries around the world.
Our country and state have a special obligation to work toward the stabilization of our own population so as to credibly lead other parts of the world toward population stabilization.
If Texas and Kansas were countries they wouldn't be admitted to the World Trade Organization. Their policies are congruent with North Korea, Somalia, Turkestan, several other countries I can't pronounce and Micronesia.
Problems between countries always exist, especially between such big countries as Russia and the United States. There have always been some issues, but I don't think we should go to extremes.
Hillary Clinton, herself, in a leaked State Department email identified the Saudis as still the major funder of Sunni jihad around the world. And we would basically say to our allies that we will no longer support such policies which we, ourselves, have been a party to and that we would put a freeze on the bank accounts of countries that continue to fund jihadi terrorism.
Democracy will not come to Mexico as the result of supposedly optimal policies prescribed by self-appointed saviors bent on economic stabilization.
China and India are friendly neighbours. We are also natural partners. Both of our countries stand for amicable and peaceful relations between countries and a multipolar world. The peaceful and friendly relations between our two countries is a blessing not just to Asia, but to also the whole world.
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