top of page

​One Good Read: The Euro by Joseph Stiglitz 


Welcome back to Surviving in the World (SIW), your biweekly newsletter written by students, for students interested in global affairs. We always strive to present selected global news topics in an easy-to-understand format.

Thank you to everyone who has subscribed to our newsletter! From now on, new updates will be sent via email. Please forward this letter and the signup form to anyone who may be interested.

 

Today’s One Good Read features 'The Euro by Joseph Stiglitz by Joseph Stiglitz', bought to you by Keonhee (Andrew) Ahn, SIW’s Editor in Chief.

​​

Word Count: 358/ Time: 3 minute read

​

​

​​​

What it is about: The Euro: How a Common Currency Threatens the Future of Europe portrays a pessimistic perspective on the Euro as a currency.

​

  • Throughout the book, the author Joseph Stiglitz highlights the Eurozone’s flawed design, demonstrated by the fact that the 19 countries of the eurozone have been in an extended economic downturn for the past few years.

  • As mentioned above, Spain and Greece have been in long-term recessions.

  • He then outlines possible reforms to the Eurozone’s structure to prevent further crises.

​

Who the author is: Joseph Stiglitz is an American economist and a Professor of Economics at Columbia University. His work focuses on explaining the circumstances in which markets function poorly and solutions that governments can implement.

image.png

Photo of Joseph E. Stiglitz, in 2019. (Source: Photograph by Jérémy Barande)​

​​​

You should read it because:

  • Stiglitz provides another perspective to the Euro, which is sometimes considered an ideal currency in Korea by diving into its flaws.

  • Korea has deep economic relations with several Eurozone countries. It is important, being international students, to understand the Eurozone since our future jobs may involve interactions with European industries.

  • Although the book focuses on the Euro, it also introduces us to the realm of economics. Stiglitz skillfully presents economic vocabulary and ideologies in a logical manner that is easy to understand for students.

​

​

​

You received this email because you signed up for newsletters from SIW

Want to change how you receive these emails?​​

bottom of page