{"id":44948,"date":"2014-07-21T12:00:12","date_gmt":"2014-07-21T11:00:12","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=44948"},"modified":"2015-05-05T21:33:39","modified_gmt":"2015-05-05T20:33:39","slug":"nobel-economist-joseph-stiglitz-hails-new-brics-bank-challenging-u-s-dominated-world-bank-imf","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2014\/07\/nobel-economist-joseph-stiglitz-hails-new-brics-bank-challenging-u-s-dominated-world-bank-imf\/","title":{"rendered":"Nobel Economist Joseph Stiglitz Hails New BRICS Bank Challenging U.S.-Dominated World Bank &#038; IMF"},"content":{"rendered":"<p><strong>Jul 17, 2014<\/strong><\/p>\n<p><em>&#8220;It&#8217;s very important in many ways,&#8221;<\/em> Stiglitz says of the New Development Bank&#8217;s founding. <em>&#8220;This is adding to the flow of money that will go to finance infrastructure, adaptation to climate change &#8212; all the needs that are so evident in the poorest countries. It [also] reflects a fundamental change in global economic and political power. The BRICS countries today are richer than the advanced countries were when the World Bank and the IMF were founded. We&#8217;re in a different world &#8212; but the old institutions haven&#8217;t kept up.&#8221;<\/em><\/p>\n<p>httpv:\/\/www.youtube.com\/watch?v=fjyaGLFWWNA<br \/>\n<em>Joseph Eugene Stiglitz is an American economist and a professor at Columbia University. He is a recipient of the Nobel Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank and is known for his critical view of the management of globalization, free-market economists (whom he calls &#8220;free market fundamentalists&#8221;), and some international institutions like the International Monetary Fund and the World Bank.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The BRICS countries today are richer than the advanced countries were when the World Bank and the IMF were founded. We&#8217;re in a different world &#8212; but the old institutions haven&#8217;t kept up.&#8221;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-44948","post","type-post","status-publish","format-standard","hentry","category-short-video-clips"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/44948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=44948"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/44948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=44948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=44948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=44948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}