--- title: "2 Developing countries Quotes By Joseph E. Stiglitz" description: "2 Developing countries quotes by Joseph E. Stiglitz. Plus more from Joseph E. Stiglitz and more Developing countries sayings from other authors." image: "https://sms4smile.com/quotes/i/2f0/joseph-e-stiglitz-33743_children_there-are-two-visions-of-america-a-half_1461703.jpg" --- > [“There are two visions of America a half century from now. One is of a society more divided between the haves and the have-nots, a country in which the rich live in gated communities, send their children to expensive schools,…](https://sms4smile.com/quotes/joseph-e-stiglitz/there-are-two-visions-of-america-a-half-century-from-now-one-is-of-a/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) [Image](https://sms4smile.com/quotes/i/2f0/joseph-e-stiglitz-33743_children_there-are-two-visions-of-america-a-half_1461703.jpg) > [ “I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these \[developing\] countries… ](https://sms4smile.com/quotes/joseph-e-stiglitz/i-became-convinced-that-the-advanced-industrial-countries-through/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) [Image](https://sms4smile.com/quotes/i/a77/joseph-e-stiglitz-33743_developing-countries_i-became-convinced-that-the-advanced-ind_1888119.jpg) ## Other authors on Developing countries - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b014/author-joseph-stiglitz-53499.jpg) Joseph Stiglitz 8 quotes ](https://sms4smile.com/quotes/about/developing-countries/joseph-stiglitz/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-thomas-pogge-90558.jpg) Thomas Pogge 6 quotes ](https://sms4smile.com/quotes/about/developing-countries/thomas-pogge/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-tae-yoo-8433.jpg) Tae Yoo 5 quotes ](https://sms4smile.com/quotes/about/developing-countries/tae-yoo/) - [Anna Lindh 5 quotes](https://sms4smile.com/quotes/about/developing-countries/anna-lindh/) ## More by Joseph E. Stiglitz > [“Americans all benefit from the physical and institutional infrastructure that has developed from the country’s collective efforts over generations.”](https://sms4smile.com/quotes/joseph-e-stiglitz/americans-all-benefit-from-the-physical-and-institutional/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“Democracy, we now know, is more than periodic elections in some countries, such elections have been used to legitimize essentially authoritarian regimes and deprive…](https://sms4smile.com/quotes/joseph-e-stiglitz/democracy-we-now-know-is-more-than-periodic-elections-in-some/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“The U.S. incarceration rate is the world’s highest and some nine to ten times that of many European countries. Almost 1 in 100 American…](https://sms4smile.com/quotes/joseph-e-stiglitz/the-u-s-incarceration-rate-is-the-world-s-highest-and-some-nine-to/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds…](https://sms4smile.com/quotes/joseph-e-stiglitz/to-put-it-baldly-there-are-two-ways-to-become-wealthy-to-create/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are…](https://sms4smile.com/quotes/joseph-e-stiglitz/rather-than-justice-for-all-we-are-evolving-into-a-system-of-justice/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“The facts shouldn’t get in the way of a pleasant fantasy.”](https://sms4smile.com/quotes/joseph-e-stiglitz/the-facts-shouldn-t-get-in-the-way-of-a-pleasant-fantasy/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“There are two visions of America a half century from now. One is of a society more divided between the haves and the have-nots,…](https://sms4smile.com/quotes/joseph-e-stiglitz/there-are-two-visions-of-america-a-half-century-from-now-one-is-of-a/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“Globalization is the field on which some of our major societal conflicts—including those over basic values—play out. Among the most important of those conflicts…](https://sms4smile.com/quotes/joseph-e-stiglitz/globalization-is-the-field-on-which-some-of-our-major-societal/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for schoolchildren, and free…](https://sms4smile.com/quotes/joseph-e-stiglitz/suppose-someone-were-to-describe-a-small-country-that-provided-free/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the…](https://sms4smile.com/quotes/joseph-e-stiglitz/i-became-convinced-that-the-advanced-industrial-countries-through/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“...decisions were often made because of ideology and politics. As a result many wrong-headed actions were taken, ones that did not solve the problem…](https://sms4smile.com/quotes/joseph-e-stiglitz/decisions-were-often-made-because-of-ideology-and-politics-as-a/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it…](https://sms4smile.com/quotes/joseph-e-stiglitz/overborrowing-or-overlending-lenders-encourage-indebtedness-because/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“The only true and sustainable prosperity is shared prosperity.”](https://sms4smile.com/quotes/joseph-e-stiglitz/the-only-true-and-sustainable-prosperity-is-shared-prosperity/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) > [“In some circumstances, a focus on extrinsic rewards (money) can actually diminish effort. Most (or at least many) teachers enter their profession not because…](https://sms4smile.com/quotes/joseph-e-stiglitz/in-some-circumstances-a-focus-on-extrinsic-rewards-money-can-actually/) [Joseph E. Stiglitz](https://sms4smile.com/quotes/author/joseph-e-stiglitz/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/developing-countries/joseph-e-stiglitz/#itemlist", "name": "2 Developing countries Quotes By Joseph E. Stiglitz", "numberOfItems": 2, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“There are two visions of America a half century from now. 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