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....Continua
This is a very powerful book explaining and criticising IMF and also the Western "market fundamentalist" make this whole mess in East Asia crisis, and how the West failed Russia.
Come on, IMF was the brain child of Keynes. He must be rolling in his grave if he see IMF turned into Friedman's institution, only concern about inflation and exchange rate!!!!
Milton Friedman is DEAD, welcome back Keynessian's sensable control of the market is back.... particularly after Friedman's follower screw up US economies by the econmoic crisis last year!
Market is not and never perfect! That is why the government has to do A LOT OF things to make sure everybody has job and have a chance to live a decent life. Equality and social justice ARE VERY IMPORTANT!...Continua
Perhaps Mr Stiglitz is a good economist but he is certainly far from being a good writer. The second half of the book is so annoyingly repetitive that it seems he is putting the reader's patience to test at its extremes.
joseph stiglitz is one of the economists i love so much. in this book, he first introduced the 3 "global" institutions in a very vivid and easy way. and i suggest people to read his working experiences in ethiopia and besides against it, you can have a full and real picture why the promise broken from the advocation of gobalization....Continua