China has been selling a lot of goods to the West, particularly to the US, but at the same time it has been providing the money to provide the goods.
More Quotes from Joseph Stiglitz:
Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesn't it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia.Joseph Stiglitz
So the theory asks, how can shareholders ascertain what the firm's real prospects are when they have less information, ... It's a pervasive aspect of modern economies.
Joseph Stiglitz
The question is whether it'll be a stable country, will it be a country in which a diversity of views, open transparency, women's rights are recognized. The likelihood of that remains very low.
Joseph Stiglitz
We did not have to fight this war, and we did not have to go to war when we did. We could have waited until we had more safe body armor and we chose not to wait.
Joseph Stiglitz
The question is whether some of the fears of last year will be realized this year. There is strong reason to worry.
Joseph Stiglitz
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Based on Topics: Money & Wealth Quotes'Free' is more of that 'familiarity breeds contempt' kind of thing. It's about saying 'Wait, I'm longing for something more than I have and I don't know what it is that I want, but I know I want it.' It has nothing to do with what I'm going through, personally.
Jon Crosby
Quality is not an act, it is a habit.
Aristotle
Also, while I was at Yale, I had a job teaching kids at the museum.
Robert T. Bakker