Nobel Laureate, Joseph Stiglitz, On Economic Challenges after Covid-19

Abstract

The Covid-19 pandemic has caused a great deal of change in all respects and has revealed how prepared or unprepared the world economy is to meet such a challenge. In the wake of this pandemic, a number of economic issues have re-emerged that led to many debates but also to many challenges for the entire current political class. Unemployment, the bankruptcy of many companies, declining purchasing power, resetting employees' priorities, changing their needs and priorities, rampant inflation, the state of public health systems, poverty, worsening discrepancies and social polarization, global warming and the difficulties of refuelling and, last but not least, war are the problems facing humanity today. Though not the only one to do so, Joseph Stiglitz has drawn attention to many of these economic challenges in a series of recent articles, drawing parallels of all these imbalances to those observed in the period 2008-2009.