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Joseph E. Stiglitz
Joseph E. Stiglitz
Joseph E. Stiglitz is the winner of the 2001 Nobel Memorial Prize in Economic Sciences. His most recent book is Globalisation and its Discontents Revisited: Anti-Globalization in the Era of Trump.

With a likely rematch between Joe Biden and Donald Trump in the 2024 US presidential election, America and the rest of the world were heading into a perilous period even before the latest conflagration in the Middle East. Turmoil in the region will cloud the broader economic outlook and could dim Biden’s chances.

Next year, Covid-19 will be tamed but containing inflation will be a tougher challenge. The global economy will undergo major structural changes, and pandemic-induced labour disruptions may finally tilt the balance of power to workers.

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In 2018, we saw the fruits of Trumpism: victimisation of immigrants, a US$1 trillion deficit, and prejudice and nationalism unleashed. What will 2019 hold for us?

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