Making Globalization Work
Author: Joseph E. Stiglitz
Publisher: W.W. Norton & Co.
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). Fairly accessible for a work of macroeconomics, this is a worthy counterpoint to Thomas Friedman's popular The World Is Flat (2005). Brendan Driscoll American Library Association. All rights reserved
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
- Product Description:
- "A damning denunciation of things as they are, and a platform for how we can do better."--Andrew Leonard, Salon Four years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of problems, including the indebtedness of developing countries, international fiscal instability, and worldwide pollution. Stiglitz also argues for the reform of global financial institutions, trade agreements, and intellectual property laws, to make them better able to respond to the growing disparity between the richest and poorest countries. Now more than ever before, globalization has gathered the peoples of the world into one community, bringing with it a need to think and act globally. This trenchant, intellectually powerful book is an invaluable step in that process. This paperback edition contains a brand-new preface.