Globalization And Its Discontents

Description

Our world is changing. Globalisation 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 expose of the all-powerful organisations 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 globalisation. 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. Globalisation 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. First published 2002.

Table of contents

The promise of global institutions; broken promises; freedom to choose?; the East Asia crisis - how IMF policies brought the world to the verge of a global meltdown; who lost Russia?; unfair trade laws and other mischief; better roads to the market; the IMF's other agenda; the way ahead.