Globalization and Its Discontents

Front Cover
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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LibraryThing Review

User Review  - Acia - LibraryThing

This book is necessary and important for its critical insight of powerful institutions, governments and players. Having lived in Latin America for many years, I've experienced first hand the consequences of disastrous policies. Read full review

LibraryThing Review

User Review  - the.ken.petersen - LibraryThing

I have long wanted to understand how the World Bank and the IMF work. This book gives an excellent description from an ex-Chief Economist at the World Bank. Joseph Stiglitz cannot be dismissed as some ... Read full review

Selected pages

Contents

The Promise of Global Institutions
3
Broken Promises
23
Freedom to Choose?
53
The East Asia Crisis How IMF Policies Brought the World to the Verge of a Global Meltdown
89
Who Lost Russia?
133
Unfair Trade Laws and Other Mischief
166
Better Roads to the Market
180
The IMFs Other Agenda
195
The Way Ahead
214
Notes
253
Index
269
Copyright

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About the author (2002)

Joseph E. Stiglitz is a Nobel Prize-winning economist and the best-selling author of Globalization and Its Discontents Revisited: Anti- Globalization in the Age of Trump, The Price of Inequality, and Freefall. He was chairman of the Council of Economic Advisers under President Clinton, chief economist of the World Bank, named by Time as one of the 100 most influential individuals in the world, and now teaches at Columbia University and is chief economist of the Roosevelt Institute.

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