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.