Q&A – Joseph Stiglitz

Joseph Stiglitz is a Nobel laureate who received the prize in 2001 for his work in economics. He held the post of senior vice president and chief economist at the World Bank from 1997 until 2000, when he resigned over professional disagreements regarding the bank’s policies. He served as the chair of former United States President Bill Clinton’s Council of Economic Advisors from 1995 to 1997, and was also on the Intergovernmental Panel on Climate Change at that time. Stiglitz is currently a professor at Columbia University and is the chair of Columbia University’s Committee on Global Thought. While attending a conference in Cairo last month put on by management consultancy firm Booz & Company, Stiglitz sat down with Executive for an exclusive one-on-one about the evolving role of global financial institutions such as the World Bank and the International Monetary Fund. The IMF and the World Bank were accessories