Nobel Prize-winning economist has advice for Australia if Trump wins | The Business | ABC News
Автор: ABC News (Australia)
Загружено: 2024-07-30
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Nobel Prize winner of economics, Professor Joseph Stiglitz, says US Democracy is being threatened partly because of failures in free market economics that have paved the way for a potential second term for Donald Trump.
The Republican candidate has flagged a trade war with China if elected, and has said he wants to bring back manufacturing in the US, under a policy of protectionism.
Professor Stiglitz, who is also a former chief economic adviser to Bill Clinton, as well as a former chief economist at the World Bank says if Donald Trump wins the US election, globalisation will be reduced and the world's economy will suffer.
He told The Business under a Trump Presidency, Australia will have to carefully navigate its relationships with both its key ally - America, and key trading partner, China.
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