Description
In the wake of the global economic crisis sparked in 2007, Nobel Prize-winning economist Joseph Stiglitz was tasked by the President of the General Assembly of the United Nations with chairing a Commission of Experts on Reform of the International Financial and Monetary System. This contains the text of the Stiglitz Commission's report, which was particularly influential in the later adoption by the General Assembly of the June 2009 substantive statement on the "World Financial and Economic Crisis and Its Impact on Development." The report addresses the broad macroeconomic issues, reforming global regulation to enhance global economic stability, international institutions, and international financial innovations. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
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The fact that our global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy. In 2008, the president of the United Nations General Assembly convened an international panel, chaired by Nobel Prize–winning economist Joseph Stiglitz and including twenty leading international experts on the international monetary system, to address this crucial issue.The Stiglitz Report, released by the committee in late 2009, sees the recent financial crisis as the latest and most damaging of several concurrent crises—of food, water, energy, and sustainability—that are tightly interrelated. The analysis and recommendations in the report cover the gamut from short-term mitigation to deep structural changes, from crisis response to reform of the global, economic, and financial architecture.The report establishes a bold agenda for policy change, that is sure to be the gold standard for understanding and contending with the international economy for many years to come. The Stiglitz Report is essential reading for anyone concerned about a secure and prosperous world.
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