The Way Forward in the Wake of the 2008 Global Economic Crisis: Does the Stiglitz Commission Report Go Far Enough? Stephanie Seguino Professor, Department of Economics University of Vermont Burlington, VT 05401 stephanie.seguino@uvm.edu January 15, 2010 Paper presented at the DAWN Development Debates, January 18-20, 2010, Port- a-Piment, Mauritius, Africa. Abstract This paper argues that the roots of the current global crisis are linked to increased inequality within and between countries, strongly in evidence since the 1970s. Proposals for changes to the financial sector regulatory framework and international financial architecture while welcome, are not sufficient to alleviate the inherent macroeconomic constraint that inequality produces – insufficient aggregate demand and thus high levels of joblessness. I discuss here a framework for utilizing macro-level policies to promote both greater equality and economic growth or what we might call “equity-led” growth.