Stiglitz's seminal Globalization and Its Discontents (2002) argued that globalization has not benefited as many people as it could, a failure attributable to structural flaws in international financial institutions as well as limited information and imperfect competition. With this selection, the Nobel Prize-winning economist suggests a host of solutions by which globalization can be "saved from its advocates" and made safe and worthwhile for the poor and rich alike. Each chapter examines, in some depth, an obstacle to equitable globalization (the burden of massive national debt, for example) and provides a set of possible solutions (a return to countercyclical lending and development of international bankruptcy laws, for example). Many of Stiglitz's proposals echo the familiar litanies of developing nations in the Doha round of international trade talks, but several, such as those drawing upon East Asia's experiments in contained progress, are innovative enough to warrant books of their own. Fairly accessible for a work of macroeconomics, this is a worthy counterpoint to Thomas Friedman's popular The World Is Flat (2005). Brendan Driscoll
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“A well-written and informative primer on the major global economic problems. [Stiglitz] helps his readers understand exactly what is at stake.” — Jeffry Frieden (New York Times Book Review)
“An excellent book... a lodestar for those who want to achieve a different and better world.” — Guardian
Great book, definitely a lot of insight about how the world works and why it's so messed up.Published 1 month ago by max
Made more for not so serious reading but packed enough to raise your curiousity.Published 2 months ago by Safiya Mohammed Adamu
needed for my course, I actually like a lot of things he said. The book is well-written and very enlightening.Published 7 months ago by Corey
Great author, great topic, amazing approach, a new set of rules to follow for a better world, that the richest countries should implementPublished 22 months ago by Alvaro
Five stars for the book from me as it's compulsory to understand well of the globalization and to make it work in every corner of the world. Read morePublished on August 17, 2013 by Mung Awng
In the past decade or more economists and international observers have gone ga-ga over the perceived benefits of globalization. Mr. Read morePublished on July 16, 2013 by C.P.M.
Three years ago, I was a little freshman economics student at a small college. My World Politics professor assigned me this book to read halfway through the semester, and I am... Read morePublished on February 15, 2013 by Roger Filmyer
The book was in good conditions, almost new. Some of the pages were underlined, but in general the book is perfect, thanks.Published on January 13, 2013 by Karla Espinoza