position: EnglishChannel > Comment > Article

'Hostile' US Policies On China Risk Dividing World: Stiglitz

Source: Science and Technology Daily | 2023-05-24 20:25:13 | Author: GONG Qian

Joseph Stiglitz. (PHOTO: VCG)

"Hostile" US policies on China risk splitting the world into two blocs, said Nobel-winning economist Joseph Stiglitz, urging the West to offer investment not "lectures" to developing countries.

"It would be a good idea for the other G7 countries to try to put pressure on the United States to say, 'what you're doing is forming the world into two blocs, and that will be hard,'" the professor said on the sidelines of Group of Seven ministerial talks in Japan.

"We may be in some kind of strategic competition, but that doesn't mean that we have to be quite so hostile."

Stiglitz warned that competition between US Democrats and Republicans to look tough on China could undermine international action on climate change and other global crises.

And he argued that recent moves by Washington, which is attempting to limit Chinese influence on critical supply chains, could not be explained simply by concerns over Beijing's political system.

The West meanwhile is investing "very little" in developing economies, compared to countries like China, said the former World Bank chief economist. "There's a joke that we give them lectures about what to do, and they give them money," he said.

— Katie Forster, Barron's, 12-05-2023

Editor: 汤哲枭

Top News

  • The first mid-frequency dish antenna designed for the Square Kilometer Array (SKA) radio telescope began assembly in Shijiazhuang, north China's Hebei province, on September 20.This is also the first of the 64 mid-frequency dish antennas China will contribute to the SKA, based on an agreement reached in December 2022 between the Ministry of Science and Technology and the Square Kilometer Array Observatory (SKAO).

China-Arab States Tech Transfer Mutually Beneficial

The China-Arab States Technology Transfer and Innovation Cooperation Conference, a concurrent activity of the sixth China-Arab States Expo, was held on September 21 in Yinchuan, the capital of northwest China's Ningxia Hui Autonomous Region. Eight key cooperative projects were signed at the conference, along with the display of a range of advanced technologies.

Science Literacy Helps Determines Our Future

Making science more popular and improving the scientific literacy of the public in a joint global effort-that's the core spirit of the World Conference on Science Literacy.