A Public Lecture by Prof. Stiglitz on Stockholm Statement

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Date and time: 
Thu, 2018-05-10 11:06

Professor Stiglitz speaking during the public lecture

On 9th May 2018 Professor Stiglitz gave a public lecture at the University of Nairobi titled ‘The Stockholm Statement: New Strategies for Inclusive Development.’ Prof. Stiglitz is a world renowned scholar. He noted that the Stockholm Statement represents a rethinking of development strategies. In detail he explained that The Stockholm Statement calls for us to recognize the limitations and the failures of the Washington Consensus, a broader range of objectives and instruments and a more balanced view on the participation of different participants in the development process.

 

 Prof. Stiglitz detailed some of the elements for Stockholm statement such as GDP growth, development to be inclusive, Environmental sustainability is a requirement not an option, Need to balance market, state and community, providing micro economic stability. However, this does not just mean making budgets or focusing exclusively on inflation,” he said.

Prof. Mutoro DVC Academic Affairs

Speaking on behalf of the Deputy Vice-Chancellor, Academic Affairs, Prof. Henry Mutoro, gave a moving introduction of Prof. Stiglitz. “Amazingly, the University of Nairobi is home away from home for Prof. Stiglitz. Some of our researchers still remember the wonderful moments shared during his time as a senior research fellow under Rockefeller grant in 1969 to 1971 at the Institute of Development studies (IDS),” Said Prof. Mutoro. “Prof. Stiglitz, welcome back!”

The lecture was organized by the University of Nairobi in collaboration with the Africa Economic Research Consortium (AERC).

About Prof. Stiglitz

Prof. Stiglitz is an author of numerous books and several bestsellers. His most recent titles are Globalization and Its Discontents Revisited, The Euro, Rewriting the Rules of the American Economy and The Great Divide,among many others.

Prof Joseph E. Stiglitz is a distinguished American economist and the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD. He is also the Chief Economist of the Roosevelt Institute.

Besides being a recipient of the John Bates Clark Medal (in 1979) and the Nobel Memorial Prize in Economic Sciences (in 2001), he has been a member of the Columbia faculty since 2001.

He progressively rose to attain Columbia University’s highest academic rank, professorship, in 2003.

In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His extensive experience in economics has been essential in strengthening the operations of the World Bank where he formerly worked as the senior vice president and chief economist. Additionally, he is a former member and chairman of the (US president's) Council of Economic Advisers. 

In 2011, Stiglitz was named by Times magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz's work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization.

Audience present during the public lecture

Expiry Date: 
Fri, 2024-05-31 11:06
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The Stockholm Statement.pdf71.77 KB

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