Globalization and Its Discontents

Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning … Explosive and shocking, «Globalization and Its Discontents» is the bestselling exposé of the all-powerful organizations that control our lives – from the man who has seen them at work first hand. As Chief Economist at the World Bank, Nobel Prize-winner Joseph Stiglitz had a unique insider’s view into the management of globalization. Now he speaks out against it: how the IMF and WTO preach fair trade yet impose crippling economic policies on developing nations; how free market ‘shock therapy’ made millions in East Asia and Russia worse off than they were before; and how the West has driven the global agenda to further its own financial interests. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future.