Posts Tagged ‘Interview’

Noreena rethinks Economics in Der Spiegel

March 24th, 2010 by admin

Spiegel Online: ‘Even war is good for economic growth’

Economist and globalization guru Noreena Hertz was already warning about overpowerful banks, unfettered greed and unregulated markets way back in 2001. Speaking to SPIEGEL ONLINE, she explains the limits of focusing on GDP and why capitalism is at a turning point.

SPIEGEL ONLINE: Dr. Hertz, one is constantly reading about how much a country’s economy has grown or shrunk. Why is gross domestic product (GDP) taken so seriously?

Noreena Hertz: It’s easy to measure and shows how one nation performs in comparison to another. Every country, therefore, measures its economic success by its GDP. Only Bhutan is an exception.

SPIEGEL ONLINE: According to the constitution of Bhutan, the people should not become richer every year, but happier. The little Asian kingdom wants to achieve this with a socially equitable society and better protection of the environment. Is this a better approach?

Hertz: Definitely. GDP only measures a small part of economic success. Some really important aspects are ignored. Take sustainability, for example. It’s absurd that a country can have high growth rates because it has a lot of polluting industry. The quality of the air, health, progress made by women, child care and social cohesion — these are all important economic factors. GDP does not show how innovative an economy is. Nor does it show if the products being produced will be successful in the long run or will be out of fashion tomorrow. But, up to now, there has not been a substitute for GDP…

Read the rest of this interview on the Spiegel Online website

Noreena is interviewed on Climate Change

September 21st, 2009 by emma

  • Posted in Videos
  • Comments Off on An interview with Chief Executive of Editorial Intelligence Julia Hobsbawm about Mayday for Nurses campaign
  • Tags: ,

The Times: Interview: Noreena Hertz

September 18th, 2004 by admin

How frustrating to be brainy and gorgeous – will no one take Noreena Hertz seriously? With an economics bestseller under her belt and another book just out, it’s about time we did.

By Hannah Betts
Published: September 18, 2004

The fact that economist Noreena Hertz is extremely attractive is the least interesting thing about her. So let us get it out of the way straight off.

At 35, with a winning manner and a penchant for sharp dressing, Dr Hertz has attracted the kind of slathering press attention that has culminated in her being labelled “the Nigella Lawson of economics”. The sobriquet is particularly outlandish given that Noreena is a svelte, Julie Delpy-esque blonde whose girlishness is a million miles away from Ms Lawson’s magnificent cartoon womanliness.

The “dolly bird” coverage clearly bemuses Hertz. Yet she is canny enough to realise that with telegenic appeal comes huge opportunity. “If what it takes for issues that are literally issues of life and death to get coverage is for me to be this glam pastiche of a person,” she reasons, “well so be it.”

These issues of life and death involve the many inequities spawned by globalisation. Her first book, The Silent Takeover, a critique of multinational corporations, was an international bestseller, transforming its author into the UK’s anti-globalisation poster-don: “Britain’s Naomi Klein” when she wasn’t being economics’ Ms Lawson. Her latest, I.O.U.: The Debt Threat and Why We Must Defuse It, is a trenchant study of Third World debt: how it happened, whom it hurts, and how this beleaguered portion of the globe may end up biting the hand that refuses to feed it.

Read the rest of this interview on the Times online website

An interview with CrossYourBorders

August 24th, 2004 by emma

MOYERS: All over the world there have been outbreaks of protest against globalization like those we just saw in Bolivia. My next guest knows first hand about those protests, and she’s written a book on why people have taken to the streets. It’s called, THE SILENT TAKEOVER, and it’s already a best seller in England where the Sunday TIMES OF LONDON named it one of the year’s best.

Noreena Hertz was born in England, received her MBA from the Wharton School of Business and her Ph.D in economics from the University of Cambridge, where she is Associate Director of the Centre for International Business. Ten years ago she helped Russia organize its first stock market. Welcome to NOW.

HERTZ: Thank you.

MOYERS: Tell my audience what you mean by THE SILENT TAKEOVER.

HERTZ: Governments have been ceding power to big multinational corporations in the market. We see the manifest in a variety of ways. Where governments are giving up power to big international institutions like the World Trade Organization or NAFTA, which are disabling governments’ ability to protect the rights of their own people.

MOYERS: How much is the real issue, those international finance — institutions that you talk about, the World Bank, the IMF,the World Trade Organization. I mean, to whom are they ultimately accountable? THE ECONOMIST of London says that the World Trade Organization is an embryo world government which no one has voted for. Now how much are they the problem?

HERTZ: Well, the World Trade Organization is an organization that defends trade interests. I think the problem is less that they exist. The problem is that internationally we’ve only got an organization that protects trade interests. Surely we need some kind of counterweight to protect human rights and the environment too.

Read the full transcript on the PBS website