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LATEST NEWS UPDATES | Contain contagion, spend smartly says Joseph Stiglitz

Contain contagion, spend smartly says Joseph Stiglitz

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published Published on Oct 6, 2020   modified Modified on Oct 9, 2020

-The Telegraph

The Nobel laureate economist described 'India as a poster child of what not to do'

Nobel laureate economist Joseph Stiglitz made a strong case for spending money to combat the long-term economic damage of the pandemic, saying that India would be well advised to focus on containing the contagion as the economic aftermath cannot be tackled without tackling the pandemic.

Bracketing India with Brazil and the United States for its “utter failure” to deal with Covid-19, Stiglitz described ”India as a poster child of what not to do”, saying the lockdown failed to have any impact and the migrant labour crisis precipitated the contagion.

“It (India) picked up one idea that is important. Lockdown. Did not think about what it means in a poor country. How are people going to live, large number of people moving across the country. One could not have imagined anything worse for spreading the disease,” said the professor of Columbia University in the US.

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The Telegraph, 6 October, 2020, https://www.telegraphindia.com/business/lockdown-contain-contagion-spend-smartly-says-joseph-stiglitz/cid/1793985?fbclid=IwAR2nVkt-rGD_g-l_RbXpO9ZI0I8OFUI7fHPCF6b83QwIz3eaHmn5HWkma0o#.X31G3bnZwSc.facebook


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