Globalization and Its Discontents

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When first published, this national bestseller became a key reference in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz, having witnessed major economic events over the past decade, including roles as chairman of the Council of Economic Advisers and chief economist at the World Bank, expresses deep concern for developing nations. His disillusionment grew as he observed the International Monetary Fund and other institutions prioritizing the interests of Wall Street over those of poorer countries. Readers seeking to understand the roots of the protests in Seattle and Genoa will find insightful explanations here. Although no simple solutions are offered for making globalization work, Stiglitz presents a reform agenda that promises to spark ongoing debate. This book provides a rare insider's perspective on the major institutions shaping globalization, making it a penetrating analysis. The paperback edition includes a new foreword, enhancing its relevance and impact.