BUSINESS
01/03/2011 03:24 pm ET Updated May 25, 2011

Joseph E. Stiglitz: What Lies Ahead In 2011?

NEW YORK - The global economy ends 2010 more divided than it was at the beginning of the year. On one side, emerging-market countries like India, China, and the Southeast Asian economies, are experiencing robust growth. On the other side, Europe and the United States face stagnation - indeed, a Japanese-style malaise - and stubbornly high unemployment. The problem in the advanced countries is not a jobless recovery, but an anemic recovery - or worse, the possibility of a double-dip recession.

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