Developing Countries and the Global Crisis

Joseph E. Stiglitz
Professor of Economics at Columbia University, chairs a Commission of Experts, appointed by the President of the UN General Assembly, on reforms of the internatiional monetary and financial system.

NEW YORK—This year is likely to be the worst for the global economy since World War II, with the World Bank estimating a decline of up to 2 percent. Even developing countries that did everything right—and had far better macroec

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