Joseph Stiglitz: Inequality stunts economic growth

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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.

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