Laureate, Professor Joseph Stiglitz to Deliver
Sir Winston Scott Memorial Lecture
Prize Laureate in economics, Professor Joseph Stiglitz, will
deliver the 32nd Sir Winston Scott Memorial Lecture at the Frank
Collymore Hall on Monday, November 26, 2007 at 8:00 p.m.
Stiglitz, who won the Nobel Prize in 2001 for his analyses of
markets with asymmetric information and who is now University
Professor, at Columbia University, will speak on the topic “Making
Globalization Work For Developing Countries”.
Stiglitz, whose study of history, specifically the discussions
of the encounters between different civilizations, helped to
shape his thinking about globalization more than three decades
later, writes and speaks extensively on the topic today.
his work, he surveys the iniquities of the global economy, and
the mechanisms by which developed countries exert an excessive
influence over international economic and financial
developments. He also exposes the problems, which result from
how globalization is currently being managed, the vested
interests behind the decision-making and the prospects for
negotiating fairer terms for the most vulnerable groups.
Furthermore, he argues that transparent institutions are needed
to make globalization favour the world’s poorest, and to
address the democratic deficit that is so much in evidence
across the world.
Stiglitz has also been involved in policy-making at the highest
level, having served in the Clinton Administration as Chair of
the Council of Advisers. In addition, he has an intimate
knowledge of the workings of the World Bank where he was the
Chief Economist and Senior Vice-President for three (3) years.
has written several textbooks that have been translated into
more than a dozen languages, including “Globalization and
Its Discontents” which has been translated into 35
languages and has sold more than one million copies worldwide.
Throughout his career, Professor Stiglitz has been a voice for
the underprivileged countries in the international community and
has offered many a prescription for dealing with globalization.
Dr. Marion Williams observed that the Bank was honoured to have
attracted the distinguished scholar to deliver the Sir Winston
Scott Memorial Lecture. “The Bank is pleased to have Professor
Stiglitz on the occasion of the 32nd Sir Winston Scott Memorial
Lecture. His topic is most timely because Barbados and
other Caribbean countries are still negotiating responses to
globalization. I invite all Barbadians to hear an
insightful and fascinating lecture by an outstanding advocate of
fair treatment for the poorer nations in the context of
Sir Winston Scott Memorial Lecture, which is sponsored by the
Central Bank of Barbados, is held in November each year in
honour of Barbados’ first native Governor General and in
celebration of the country’s Independence.