Home Quote by Joseph Stiglitz
“Global demand for dollars has supplanted demand for manufactured goods and services, resulting in multilateral trade deficits and loss of jobs at home.”
About This Quote
Source Speech: Economic Forum, 2015
The U.S. focus on dollar‑centric finance has weakened domestic manufacturing, creating trade imbalances and job losses.
In simple terms: Dollar focus hurts jobs and trade.
Rebalance policy toward real production.
Themes
Mood
Type
When to use this quote
- government budgeting
- business strategy
- career counseling
- public debate
- academic research
Key Concepts
Questions to Reflect On
- How can policy shift from financial services to manufacturing?
- What role should the dollar play in a balanced economy?
Addressing trade deficits also requires demand‑side reforms and global cooperation.