Joseph Stiglitz, Nobel Laureate in Economics, will speak on economic growth, employability and sustainability | DUTY

Joseph stiglitz, winner of the Nobel Prize in Economics, in 2001, He graduated from the Massachusetts Institute of Technology (MIT) in 1967 and obtained his professorship at Yale in 1970. He taught at Princeton, Stanford, and MIT itself and was a fellow at the Oxford Business School. Currently, he is Professor of Economics and Finance at Columbia University in New York.

Your contributions allowed, for example, improve understanding of the origins of unemployment, through the efficiency wage, or the Shapiro-Stiglitz model (1984).

The role of access to information has a key role, both at the company level to adjust their salary level, and for workers to adjust their level of effort.

In relation to international trade and effects of globalization, Stiglitz (2005) considers that More advanced countries should eliminate barriers to trade at the level of developing countries, such as Peru. Inspired by Keynesian theory, he points out that trade deficits are bad. This with implications that countries that have a trade surplus, such as Germany, create a “negative externality” on their other trading partners, leading to weak aggregate demand on a global scale.

In addition, opposes the principle of comparative advantage, one of the fundamental principles of free trade, establishing a mutually beneficial effect of trade between countries.

Anniversary

In the context of its 90 years of institutional life, the National Chamber of Industries (CNI) with the support of the REDEmpleo project, funded by the European Union, will hold on October 22 the International Conference of the Year with the theme: ‘Economic Growth, Employability and Sustainability’ same that will count as a special guest to the Nobel Prize in Economics, PH.D. Joseph Stiglitz.

With this meeting -according to the organizers- It is expected to promote the competitiveness of the industry, economic growth, preservation and generation of jobs, the sustainability and development of the country, based on sustainable development with an impact on: economic, social and environmental aspects.

Ibo Blazicevic, President of the CNI, said he felt honored and grateful for the support of the Delegation of the European Union in Bolivia and the acceptance of Stiglitz, to provide the Bolivian population with a conference of the highest world class, just when the economy needs it.

“We are sure that proposals, suggestions and challenges will arise that we can take on in a public-private synergy, for the welfare of all Bolivians, “said Blazicevic.

Of the meeting authorities and personalities from the public and private sectors of the country will participate, businessmen, industrialists, students and all those interested in the subject. Registration for the conference is free and in virtual format.

The meeting will take place on Friday, October 22 from 10:00 a.m. to 12:30 p.m. Those interested can request their registration at the following link: https://forms.gle/K1Jbc28fooUGgb1j7

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Joseph Stiglitz, Nobel Laureate in Economics, will speak on economic growth, employability and sustainability | DUTY

Hank Gilbert