Prosperity cannot be achieved by merely embracing the market system: Prof. Joseph  Stiglitz

Prosperity cannot be achieved by merely embracing the market system: Prof. Joseph Stiglitz

Prosperity cannot be achieved by merely embracing the market system: Prof. Joseph Stiglitz

Written by Tharushan Fernando

08 Jan, 2016 | 10:35 pm

Today marked the second and final day of the Sri Lanka Economic Forum 2016 which was held in Colombo. Day two of the Forum 2016 was allocated for the youth.

The session was held under the guidance of Prime minister Ranil Wickremesinghe, Deputy Minister of Foreign Affairs Dr. Harsha de Silva and Nobel Laureate Economist,  Prof. Joseph Stiglitz

Young politicians, entrepreneurs and economists were among those  present at Friday’s forum.

At the forum, Prof Joseph  Stiglitz highlighted that prosperity cannot be achieved by merely embracing the market system – and that America and the chief economies face major economic problems. He also said that a formal state regulation should be allowed in the market, to experience long lasting development.

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