In a globalized economy, what next?
The stock markets and other financial markets around the world are still reeling from the events of the last few weeks, but even before the U.S. House passed a measure to help shore up the economy, experts were expressing opinions, often in opposition to the measures proposed. One of those voicing their opinions was Joseph Stiglitz, winner of the Nobel Memorial Prize in Economic Sciences in 2001. He is the editor of the Economist's Voice published by The Berkeley Electronic Press. In his article, "We Aren't Done Yet: Comments on the Financial Crises and Bailout," he posits several reasons why the efforts won't work, and ends by referring to it as a "short time fix." Articles from many other scholars and economists are available in the issue themed, "Financial Regulation, Financial Crisis, and Bailouts." It can be found online through the University of Illinois Online Research Resources for members of the Illinois campus. For those who are not members of our campus community, contact your library or go directly to the Berkeley Electronic Press site.