Economist Stiglitz Sees `Major Structural Changes' in Demand

The video discusses the long-term economic impacts of the pandemic, referencing a Bloomberg article by Kenneth Rogoff and Carmen Reinhart. It highlights potential productivity shocks and supply chain issues. Joseph Stiglitz provides insights on structural changes, demand problems, and the effects of debt on firms. The conversation also covers the challenges of onshoring and its implications for jobs and manufacturing, emphasizing the complexity of global supply chains and the potential continuation of deindustrialization.

What are the long-term implications discussed by Kenneth Rogoff and Carmen Reinhart regarding productivity after the pandemic?

How does Joseph Stiglitz describe the expected changes in demand in the short run?

What challenges does Stiglitz mention regarding the separation of supply chains from China?

What does Stiglitz suggest about the future of jobs in the United States as supply chains are brought back?

In what ways does Stiglitz believe the corporate sector has been shortsighted in its approach to supply chains?