Stiglitz’s Strong Endorsement of China’s Influence in the Global Economy
China has both the incentive and the resources to continue pushing growth [and its] economy’s share in global GDP and trade will increase in the coming years, said US economist Joseph Stiglitz. [He said] even though China’s economy may not grow at a high 9-10%, the fundamental change in the global economy will work to increase Chinese influence. He also feels the influence of the developed nations is decreasing. (From the Economic Times of India)