BBC World Service – Exchanges: The Global Economy, Exchanges: The Global Economy, Joseph Stiglitz (audio)

dralfoldman:

This is worth a read. It’s one of my most popular blogs.

Originally posted on Dr Alf's Blog:

Cropped picture of Joseph Stiglitz, U.S. econo...

Cropped picture of Joseph Stiglitz, U.S. economist. (Photo credit: Wikipedia)

Français : Logo de la station de radio britann...

Français : Logo de la station de radio britannique BBC World Service. Source: http://www.bbc.co.uk/radio/ . (Photo credit: Wikipedia)

Listen to Nobel Prize winning economistJoe Stiglitz on global inequality. It’s RECOMMENDED LISTENING, in my view (53 mins).

via BBC World Service – Exchanges: The Global Economy, Exchanges: The Global Economy, Joseph Stiglitz.

Here is the BBC’s introduction to the interview:

Professor Joseph Stiglitz joins the BBC’s Justin Rowlatt, a phalanx of French economists and the Parisian public, as they debate the cost of inequality, at Paris Dauphine University.

Professor Stiglitz is a Nobel Prize winning economist, a former advisor of Bill Clinton and former chief economist of the World Bank. His counsel is sought by much of the developing world’s leadership and by progressives across the globe. He has a stark warning to make: inequality…

View original 236 more words

The EU’s youth initiatives: focus on education and employment | European Parliamentary Research Service

The legislative triangle of the European Union

The legislative triangle of the European Union (Photo credit: Wikipedia)

EU member states

EU member states (Photo credit: Wikipedia)

This is an important, must-read, article published by the European Parliamentary Research Service. Check it out!

via The EU’s youth initiatives: focus on education and employment | European Parliamentary Research Service.

Let me try to summarize. There are currently five million young people unemployed in Europe (aged 16 to 24 years), with matters much worse in Southern Europe. Despite EUR6 Billion pledged by the European Union, plus clear proposals from the EU, it is argued that individual countries who are not doing enough to help themselves. Buried deep in the article is the real cause of the problem – namely, inadequate demand in Europe.

Let me leave an open question:

Why is there inadequate demand in Europe?

Thoughts?

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