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Globalization and Its Discontents

by: Joseph E. Stiglitz

: Globalization and Its Discontents
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Binding: Paperback
Dewey Decimal Number: 337
EAN: 9780393324396
ISBN: 0393324397
Label: W. W. Norton & Company
Manufacturer: W. W. Norton & Company
Number Of Items: 1
Number Of Pages: 304
Publication Date: 2003-04
Publisher: W. W. Norton & Company
Sales Rank: 1699
Studio: W. W. Norton & Company



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Editorial Review:

Product Description:
This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics.

When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations.

Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Amazon.com Review:
Due to massive media coverage, many people are familiar with the controversy and organized resistance that globalization has generated around the world, yet explaining what globalization actually means in practice is a complicated task. For those wanting to learn more, this book is an excellent place to start. An experienced economist, Joseph Stiglitz had a brilliant career in academia before serving for four years on President Clinton's Council of Economic Advisors and then three years as chief economist and senior vice president of the World Bank. His book clearly explains the functions and powers of the main institutions that govern globalization--the International Monetary Fund, the World Bank, and the World Trade Organization--along with the ramifications, both good and bad, of their policies. He strongly believes that globalization can be a positive force around the world, particularly for the poor, but only if the IMF, World Bank, and WTO dramatically alter the way they operate, beginning with increased transparency and a greater willingness to examine their own actions closely. Of his time at the World Bank, he writes, 'Decisions were made on the basis of what seemed a curious blend of ideology and bad economics, dogma that sometimes seemed to be thinly veiling special interests.... Open, frank discussion was discouraged--there was no room for it.' The book is not entirely critical, however: 'Those who vilify globalization too often overlook its benefits,' Stiglitz writes, explaining how globalization, along with foreign aid, has improved the living standards of millions around the world. With this clear and balanced book, Stiglitz has contributed significantly to the debate on this important topic. --Shawn Carkonen



Customer Reviews
Average Rating: out of 5 stars

Rating: 5 out of 5 stars - Hits the Bullseye
In 2001 in 'Globalization and It's Discontets' Joseph Stiglitz wrote about unregulated markets and ... Read More


Rating: 3 out of 5 stars - Not a fun read... but incredibly insightful nontheless
I don't doubt that Stiglitz is right. People with a background like that and have won the Nobel Prize ... Read More


Rating: 2 out of 5 stars - Exhausting.
It should have been subtitled: "Or how the IMF screwed everything up, despite Joe's best efforts."
Read More


Rating: 5 out of 5 stars - an important mainstream critique
"Globalization and Its Discontents" is an impressive critique of the Washington Consensus and international ... Read More


Rating: 2 out of 5 stars - Incoherent and generally unenlightening
Anyone with an interest in global affairs would be aware of the East Asian crises and the Russian attempt at ... Read More

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Copyright ©2003, Mark Carey.