--- title: "Meaning & Key Takeaway of: To maximise global social welfare…" description: "\"To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.\" — Joseph ..." image: "https://sms4smile.com/quotes/i/149/joseph-stiglitz-1351_developing_to-maximise-global-social-welfare-policy_990897.jpg" --- # To maximise global social welfare, policymakers should… ![“To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/149/joseph-stiglitz-1351_developing_to-maximise-global-social-welfare-policy_990897.jpg) [Download](https://sms4smile.com/quotes/i/149/joseph-stiglitz-1351_developing_to-maximise-global-social-welfare-policy_990897.jpg) [Open image](https://sms4smile.com/quotes/i/149/joseph-stiglitz-1351_developing_to-maximise-global-social-welfare-policy_990897.jpg) > “To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Policymakers should promote knowledge transfer from rich to poor nations to boost global welfare. **In simple terms:** Sharing knowledge lifts worldwide welfare. Key Takeaway Support international knowledge diffusion. Themes economics development equality Mood optimistic practical Type economic policy When to use this quote - education programs - foreign aid - trade agreements Key Concepts technology transfer globalization public policy Questions to Reflect On - How can barriers to knowledge flow be reduced? - What incentives encourage sharing? A Different Perspective Implementation faces political and logistical hurdles. ★ ★ ★ ★ ★ No ratings yet [Developing countries](https://sms4smile.com/quotes/about/developing-countries/) [Knowledge](https://sms4smile.com/quotes/about/knowledge/) [Social](https://sms4smile.com/quotes/about/social/) [Social welfare](https://sms4smile.com/quotes/about/social-welfare/) [Welfare](https://sms4smile.com/quotes/about/welfare/) ## Related quotes > [The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.](https://sms4smile.com/quotes/thomas-piketty/the-principal-mechanism-for-convergence-at-the-international-as-well/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills.](https://sms4smile.com/quotes/thomas-piketty/over-a-long-period-of-time-the-main-force-in-favor-of-greater/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education.](https://sms4smile.com/quotes/thomas-piketty/the-main-force-pushing-toward-reduction-in-inequality-has-always-been/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“To sum up, historical experience suggests that the principal mechanism for convergence at the international as well as the domestic level is the diffusion…](https://sms4smile.com/quotes/thomas-piketty/to-sum-up-historical-experience-suggests-that-the-principal-mechanism/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“the principal force for convergence—the diffusion of knowledge—is only partly natural and spontaneous. 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