Joseph Stiglitz: Inequality stunts economic growth


Nobel Prize-winning Economist Joseph Stiglitz is one of many attending this year's World Economic Forum in Davos, Switzerland.

He tells the BBC that rising inequality is partly to blame for stagnating growth in the US and UK because of lack of aggregate demand.

"If your gave more money to the people in the middle and the bottom, it would have I believe a strong benefit to economic growth," Mr Stiglitz said.

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.