Joseph Stiglitz

Nobel-winning economist Joseph Stiglitz expressed concern that “hostile” US policies towards China could lead to a split in the world into two blocs. Stiglitz urged the West, particularly the US, to offer investment instead of lectures to developing countries. He warned that the competition between Democrats and Republicans to appear tough on China could undermine global cooperation on issues like climate change. Stiglitz also criticized the limited investment by the West in developing economies compared to China’s efforts through initiatives like the Belt and Road Initiative.