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
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"Penetrating, insightful... A seminal work that must be read."
"Accessible, provocative and highly readable.... Brings an insider's insights into the crises of the 1990s and beyond."
"Entertaining, insightful, and well-written.... Makes a compelling case."
"Penetrating, insightful....A seminal work tht must be read."
"Accessible, provocative and highly readable....Brings an insider's insights into the crises of the 1990s and beyond."
"Entertaining, insightful, and well-written....Makes a compelling case."
[An] urgently important new book. -- George Scialabba
[An] urgently important new book.--George Scialabba
[An] urgently important new book. --George Scialabba"
[Stiglitz's] rare mix of academic achievement and policy experience makes Globalization and Its Discontents worth reading. --Michael J. Mandel"
Penetrating, insightful.... A seminal work that must be read. --George Soros"
Provocative, readable, and sure to earn Stiglitz persona non grata status in certain corridors of power. "
Accessible, provocative and highly readable... Brings an insider's insights into the crises of the 1990s and beyond. --Alan Cowell"
A great tour of the complexities of economic policymaking. Getting a top economist to subject the US Treasury and the IMF to withering scrutiny... is good for the long-term health of the system. --William Easterly"
Entertaining, insightful, and well-written.... Makes a compelling case. "
[A] smart, provocative study... Impassioned, balanced and informed... A must-read. "
[Stiglitz] is not a global pessimist, but a realist and instead of placing him in a neat box labeled 'important contribution to the debate, ' we should listen to him urgently. --Will Hutton"
A war story from inside the halls of the White House and the World Bank, the confession of a powerful economist with a political conscience and a healthy degree of common sense. --Lenora Todaro"
A fresh, much-needed look at how these institutions-primarily the International Monetary Fund-affect policy... Stiglitz has done important work... --Anna Lappe"
Development and economics are not about statistics. Rather, they are about lives and jobs. Stiglitz never forgets that... --Frank Bures"
[W]ill surely claim a large place on the public stage. --Benjamin M. Friedman"
This book is everyone's guide to the misgovernment of globalization. Stiglitz explains it here in plain and compelling language. --James K. Galbraith, The University of Texas at Austin"
He is one of the most important economists of modern times. --Nicholas Stern, Chief Economist and Senior Vice President, World Bank"
Whatever your opinions, you will be engaged by Stiglitz's sharp insights. A must read. --Juan Somavia, Director-General of the International Labor Organization"