TOWARDS A NEW PARADIGM FOR DEVELOPMENT.pdfVIP

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT 9th RAÚL PREBISCH LECTURE October 1998 TOWARDS A NEW PARADIGM FOR DEVELOPMENT BY Dr. Joseph E. Stiglitz Senior Vice President and Chief Economist The World Bank 9th Raul Prebisch Lecture Delivered at the Palais des Nations Geneva, 19 October 1998 The Prebisch Lectures were instituted in 1982 by Mr. Gamani Corea, the then Secretary-General of UNCTAD, to honour Dr. Raúl Prebisch, UNCTAD=s founding father and first Secretary-General. lst lecture, 1982: Dr. Raúl Prebisch 2nd lecture, 1983: Mrs. Indira Gandhi, Prime Minister of India, during UNCTAD VI in Belgrade 3rd lecture, 1987: Dr. Saburo Okita, Japan, during UNCTAD VII in Geneva 4th lecture, 1989: Academician Abel G. Aganbegyan, a principal economic adviser of the former USSR, on the occasion of the twenty-fifth anniversary of UNCTAD in Geneva 5th lecture, 1992: Delivered jointly by Dr. Bernard T. Chidzero, Senior Minister of Finance, Economic Planning and Development of Zimbabwe, Mr. Michel Rocard, former Prime Minister of France, and Mr. Enrique Iglesias, President of the Inter- American Development Bank, during UNCTAD VIII in Cartagena de Indias 6th lecture, 1994 Professor John H. Dunning, Professor of International Business at the State University of New Jersey, on the occasion of UNCTAD=s thirtieth anniversary, in Geneva 7th lecture, 1996 Professor Jagdish Bhagwati, Arthur Lehman Pro