Building Capacity through Rethinking Development
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This blog is maintained by the Growth and Crisis (GC ) Program of the World Bank Institute.
We bring you timely news, resources, tools, ideas and commentaries on issues related to the global economic crisis and growth.
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Fridays Academy
KRUGMAN and Stiglitz
Prof. Stiglitz was in Ghana recently, talking about growth strategies. I dragged up a Krugman notion that the East Asian miracle was no miracle at all; just huge increases in capital and labor (educated labor). He retorted that " this was not Paul's best effort". How was I to tell a Nobel that Krugman's idea made sense to me? Now I can say "Hey; he got his Nobel too!".