• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Can the Free Market End Global Poverty? Nobel Laureate Joseph Stiglitz vs. NYU's William Easterly

Views:824
@ReasonVids

Development economists Joseph Stiglitz and William Easterly debate whether developing nations need more government or more markets.

Subscribe to our YouTube channel: http://youtube.com/reasontv

Like us on Facebook: https://www.facebook.com/Reason.Magaz...
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.


There has been a staggering reduction in global poverty over the last four decades. In China, sustained rates of economic growth have lifted 800 million people out of extreme poverty. Ethiopia, a country once synonymous with famine, has grown faster than China while nearly halving its poverty rate over the last 15 years. Across the planet, developing countries large and small, from India to Ghana, have seen astonishing successes in alleviating poverty, exceeding even the most optimistic economic forecasts.

How did this extraordinary shift happen? Do poor countries need more markets, or more government?

Two of the world's best-known development economists, Joseph Stiglitz and William Easterly, met on August 27, 2018, at the SubCulture Theater in Manhattan's East Village to debate these questions. The event was sponsored by the Soho Forum, a monthly debate series partnered with Reason. Soho Forum Director Gene Epstein moderated.

Stiglitz, a Nobel laureate and former chief economist of the World Bank, is a professor at Columbia University. He credits thoughtful and aggressive government intervention for the rising fortunes of China and Ethiopia. In his view, markets are a tool to stimulate economic growth—but not always the most effetive one. "You always are going to have a mixture of governments and markets," he says. "And the only success is going to be where you get the right mixture."

Easterly is a professor of economics at New York University and a senior fellow at the Brookings Institution. He argues that China only achieved stellar growth rates after the Communist Party started to recede from economic life and created a space for markets to thrive. Likewise, Ethiopia prospered only after the disintegration of a repressive Communist regime, known as the Derg, paved the way for widespread privatization of industry and commerce.

Produced by Todd Krainin.

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
international monetary fund
,
development economics
    Thumbnail for This Simulator Was Built to Stop Cops From Shooting Dogs2:53
    This Simulator Was Built to Stop Cops From Shooting Dogs
    ReasonVids
    1019 views
    Thumbnail for Is the Great Deplatforming of 2021 an Assault on Free Speech?1:21:49
    Is the Great Deplatforming of 2021 an Assault on Free Speech?
    ReasonVids
    903 views
    Thumbnail for Tyler Cowen on Creating Your Own Economy8:16
    Tyler Cowen on Creating Your Own Economy
    ReasonVids
    1058 views
    Thumbnail for "Oliver Stone, Ayn Rand Pop Art, & "Second-Wave Libertarianism": #ISFLC20142:16
    "Oliver Stone, Ayn Rand Pop Art, & "Second-Wave Libertarianism": #ISFLC2014
    ReasonVids
    994 views
    Thumbnail for Randy Barnett: Secret NSA Snooping is "a Fundamental Challenge" to Democracy9:46
    Randy Barnett: Secret NSA Snooping is "a Fundamental Challenge" to Democracy
    ReasonVids
    1046 views
    Thumbnail for NYC migrant crisis: Roosevelt Hotel in New York is expected to close | LiveNOW from FOX2:38
    NYC migrant crisis: Roosevelt Hotel in New York is expected to close | LiveNOW from FOX
    invidious
    141 views
    Thumbnail for What's the libertarian position on abortion?2:33
    What's the libertarian position on abortion?
    ReasonVids
    883 views
    Thumbnail for Ask A Libertarian is Back0:39
    Ask A Libertarian is Back
    ReasonVids
    842 views
    Thumbnail for Game of Thrones: Libertarian Edition5:59
    Game of Thrones: Libertarian Edition
    ReasonVids
    963 views
    Thumbnail for Why America Should Default and You Should Live Abroad: Q&A with Doug Casey6:04
    Why America Should Default and You Should Live Abroad: Q&A with Doug Casey
    ReasonVids
    1002 views
    Thumbnail for Forget Price Gouging: Businesses React Altruistically To Disasters2:51
    Forget Price Gouging: Businesses React Altruistically To Disasters
    ReasonVids
    979 views
    Thumbnail for Governor Luis Fortuno on How Puerto Rico Avoided Becoming "America's Greece"25:29
    Governor Luis Fortuno on How Puerto Rico Avoided Becoming "America's Greece"
    ReasonVids
    955 views
    Thumbnail for Are We Broke Yet? Michael Moore Says No, Reality Begs to Differ1:37
    Are We Broke Yet? Michael Moore Says No, Reality Begs to Differ
    ReasonVids
    889 views
    Thumbnail for This Self-Taught Programmer Is Bringing Transparency to California Politics7:04
    This Self-Taught Programmer Is Bringing Transparency to California Politics
    ReasonVids
    941 views
    Thumbnail for Matt Welch: Which McCain Is Showing Up at the RNC?2:17
    Matt Welch: Which McCain Is Showing Up at the RNC?
    ReasonVids
    1042 views
    Thumbnail for Dr. Joseph Goebbels Speech - Why We Are National Socialists3:43
    Dr. Joseph Goebbels Speech - Why We Are National Socialists
    NachtWaffen
    929 views
    Thumbnail for Food Chain0:08
    Food Chain
    bestofupgoat
    462 views
    Thumbnail for Superman is a kike 0:34
    Superman is a kike
    bestofupgoat
    517 views
    Thumbnail for I Killed Pom Pom! | homestarrunnerdotcom10:10
    I Killed Pom Pom! | homestarrunnerdotcom
    invidious
    341 views
    Thumbnail for Eugene Volokh: Free Speech on Campus33:10
    Eugene Volokh: Free Speech on Campus
    ReasonVids
    741 views
    Thumbnail for Paul Gilbert right hand technique #guitar #guitarist #metalguitar #paulgilbert #shorts | Rick Beato0:38
    Paul Gilbert right hand technique #guitar #guitarist #metalguitar #paulgilbert #shorts | Rick Beato
    invidious
    276 views
    Thumbnail for A Lecture by Jonathan Pageau: The Symbolic World | EP 206 | Jordan B Peterson1:56:39
    A Lecture by Jonathan Pageau: The Symbolic World | EP 206 | Jordan B Peterson
    invidious
    369 views
    Thumbnail for The Fall | The Ukrainians Refuse To Fight. Kherson Foothold Elimination. Military Summary 2023.11.12 | Military Summary19:49
    The Fall | The Ukrainians Refuse To Fight. Kherson Foothold Elimination. Military Summary 2023.11.12 | Military Summary
    invidious
    456 views
    Thumbnail for How A Tranquilizer Works 💉 | Zack D. Films0:29
    How A Tranquilizer Works 💉 | Zack D. Films
    invidious
    369 views
    Thumbnail for Is It 'Morally Disturbing' When Charter Schools Skim Highly Motivated Families?25:07
    Is It 'Morally Disturbing' When Charter Schools Skim Highly Motivated Families?
    ReasonVids
    999 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
international monetary fund
,
development economics
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle