Bloomberg News

Emerging Markets Likely to See ‘Decoupling,’ Stiglitz Says

November 30, 2011

Nov. 30 (Bloomberg) -- Emerging markets are likely to see a “decoupling,” continuing rapid growth in the post-crisis period despite sluggish expansion in developed nations, Joseph Stiglitz, Nobel Prize-winning economist and a professor at Columbia University, said in Beijing.

China’s growth will support emerging markets and resource- rich economies, he said. It will help industrialized nations although it’s unlikely to be able to lead them out of their difficulties, he said.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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