Globalization and Its Discontents

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W. W. Norton & Company, Apr 17, 2003 - Business & Economics - 304 pages
43 Reviews

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. 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.
  

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Review: Globalization and Its Discontents

User Review  - gaby - Goodreads

Stiglitz writes in a no-nonsense, straightforward fashion. His prose is almost surprisingly facile, for an academic of his stature. It totally works. It's a great and easy read. As a non-economist, I ... Read full review

Review: Globalization and Its Discontents

User Review  - Pedro - Goodreads

This is a critic of the policies of the IMF, that in view of the author has moved away from its original mission, proposed by Keynes, of assuring the stability of the global aggregate demand in case ... Read full review

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Contents

III
6
IV
26
V
56
VI
92
VIII
169
IX
183
X
198
XI
217
XII
256
XIII
262
XIV
278
Copyright

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Page xvi - 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.

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About the author (2003)

Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the best-selling author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War. He was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He teaches at Columbia University and lives in New York City.

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